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ACNC Opens the Door to PBI Changes

The ACNC have issued an Interpretation Statement on Public Benevolent Institutions and is calling for public comment.

The purpose of this Statement is to provide guidance to ACNC staff, charities and the public on the meaning and scope of the charity subtype of ‘public benevolent institution’ (PBI) for ACNC purposes. The Australian Taxation Office administers the taxation implications of being a registered charity and the PBI subtype of charity for Commonwealth purposes.

The draft Commissioner’s Interpretation Statement states that for ACNC purposes, a PBI is a charitable institution with a main purpose of providing benevolent relief to people in need.
The CIS sets out the ACNC’s views on what “public”, “benevolent” and “institution” mean for the purposes of being a PBI.

For more details click here.

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