Annual Review Fees for Not-for-Profit Companies

Question

I have received an Annual Statement for a Company, that is a Not-for-Profit entity, and the invoice has a $0 debt, is this correct?

Answer

Yes, registered entities under the Australian Charities and Not-for-profits Commission Act 2012 are not required to pay GST, taxes, fees or charges. An Annual Statement however, will still be issued each year. 

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