The recent High Court decision of Federal Commissioner of Taxation v Word Investments Limited [2008] HCA 55 means that commercial activities can now more readily be carried on by charities. This is a major development and presents opportunities for charities to raise funds to achieve their objectives.
This event examined the case in detail and considered its practical implications for the not-for-profit sector. The event also provided an update on the current position in relation to structuring and tax issues encountered by the sector.
These issues are critical for any practitioner who advises clients in the not-for-profit sector and executives who work in the sector.