The AOMC Club Management Seminar held on Saturday 22nd June 2024 was attended by up to 100 representatives of AOMC member clubs, either in-person or online.
The seminar was targeted to the executive committees of AOMC member clubs to promote responsible management of club operations and to provide an update on the changes being made to the income tax reporting responsibilities of Not-For-Profits by the ATO on the 1st July 2024.
Risk Management 101 presented by Keith Mortimer (AOMC President)
Taxation Updates for NFPs presented by Jennifer Moltisanti (ATO Asst Commissioner for NFPs)
Panel Discussion including Jennifer Moltisanti (Asst Commissioner ATO), Darren Williams (Principal DFKbkm), Keith Mortimer (AOMC President) and Mark Fenton (AOMC Treasurer)
The following annual governance checklist and decision flowchart about when a NFP Car Club needs to file a tax return was developed by the AOMC as one of the recommended outcomes of this Management Seminar in order to encourage good governance by Club committees and to address any remaining confusion about ABN’s and taxable status.
All Club committee’s are encouraged to complete this Governance Checklist every year to ensure they are meeting their legal responsibilities.
When does a Not-For-Profit car club need to file a tax return? Reveiw the following decision workflow to see where your club stands.
NB: this is general information only, but may be used by NFP clubs to help determine if they need an ABN and need to file a tax return. It is not legal advice and clubs should confirm their own status