The Australian Tax Office (ATO) has released a new guide, Income tax exemption and sporting clubs. The guide is for office bearers and advisers of non-profit clubs to use when self-assessing if they are exempt from income tax as a society, association or club established for the encouragement of a game or sport.
The guide is available from the ATO website only.
You can use the guide to determine if your society, association or club is established for the encouragement of a game or sport. The guide includes summaries of three Federal Court cases and three Administrative Appeal Tribunal decisions to help clubs that conduct extensive non-sporting activities (in addition to their sporting activities) determine their income tax status.
Where you are satisfied that your club is exempt from income tax, you do not need to seek approval from The ATO.
This situation may vary in the future of your club or organisation depending on your growth andthe type of activities you undertake in the future.
Download a copy of the document to help you work out or confirm your status.
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