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ABN
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Australian Business Number
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ABS
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Australian Bureau of Statistics
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ATO
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Australian Taxation Office
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COAG
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Council of Australian Governments
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Competitive Neutrality
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The principle that promotes the equal treatment by
government of competing organisations to achieve a level playing field by
removing artificial advantages.
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Cult
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A religious or pseudo-religious movement, characterised by
the extreme devotion of its members, who usually form a relatively small,
tightly controlled group under an authoritarian and charismatic leader. (Source: Macquarie Dictionary)
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DGR
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Deductible gift recipient
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FBT
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Fringe benefits tax
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GDP
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Gross domestic product — an
estimate of the total value of goods and services produced in a country in a
specified time, usually a year.
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GST
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Goods and services tax
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ITAA
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Income Tax Assessment Act
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National Compact
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An agreement between Government and the Third Sector to
provide a framework for working together. The Compact includes principles for
action and identifies area requiring reform.
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NFP
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Not-for-Profit
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Ordinary income
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Ordinary income is income earned according to ordinary
concepts directly or indirectly from all sources in or out of Australia
during a financial year.
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Public benevolent
institutions
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A public benevolent institution is a non-profit
institution organised for the direct relief of such poverty, sickness,
suffering, distress, misfortune, disability, destitution, or helplessness as
arouses compassion in the community.
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RoLIA
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Rule of Law Institute of Australia
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Statutory income
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Statutory income is income that is not ordinary income but
is included in your assessable income by legislative provisions.
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Third sector
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Third Sector organisations include charities, churches and
religious organisations; sporting organisations and clubs; advocacy groups;
community organisations; cooperatives; trade unions; trade and professional
associations; chambers of commerce; welfare organisations; and service
providers. These organisations sit alongside the government and private sectors.
They may receive government funding to provide public services, but are not
part of government. Similarly, they may charge for business services, but are
not part of the business sector.
Source: Senate Economics
Committee, Disclosure regimes for charities and not–for–profit
organisations, December 2008, p. 11.
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