Talking tax reform: Not-for-profit sector
The NFP sector and the community are intrinsically co-dependent, with Australian taxpayers supporting many NFP organisations and NFP organisations providing essential services to many disadvantaged people in the community. NFPs also provide many other services to the public (such as education, religion, sport and culture). In addition, the NFP sector is economically significant, generating revenue of about $107 billion, with total assets of $176 billion and employing approximately 1.1 million people (2012-13).
Reforming government concessions to the sector is a particularly sensitive issue, given the real possibility that any change could result in a decrease in funding and/or an increase in uncertainty around future income streams.