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01/01/2009 | Is your organisation a Public Benevolent Institution?A public benevolent institution (PBI) is a non-profit institution organised for the direct relief of poverty, sickness, suffering, distress, misfortune, disability or helplessness.
The characteristics of a PBI are it is:
· set up for needs that require benevolent relief
· relieving those needs by directly providing services
to people suffering from them
· carried on for the public benefit
· non-profit
· an institution, and
· dominant purpose is providing benevolent relief.
The fact that an organisation charges fees will not prevent it from being benevolent. However, the type and level of charges, in light of the services provided, may indicate that an organisation is not a PBI.
If your organisation meets all of the above requirements of a PBI then you are entitled to various tax concessions and are able to offer Salary Packaging to your staff.
For further information visit: http://www.ato.gov.au/nonprofit
or
contact CBB to arrange Salary Packaging services for your staff.
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