Powered by
MOMENTUM
MEDIA
Outdated tax laws are preventing bushfire victims accessing money donated to the Bushfire Appeal Fund, according to the leader of the Nationals, Peter Ryan.Farmers and small business operators…
Outdated tax laws are preventing bushfire victims accessing money donated to the Bushfire Appeal Fund, according to the leader of the Nationals, Peter Ryan.
Ryan has urged Prime Minister Kevin Rudd to call on the Australian Taxation Office (ATO) to make an immediate private ruling.
"If the ATO will not make a private ruling, the Prime Minister must then legislate to fix the impasse," he said.
"Australia's tax law on charitable purposes relies on a 400-year-old British ruling, even though the United Kingdom has since reformed its laws to provide a more expansive definition of the term 'charitable purpose'."
Login
