Contributions are welcome.
The changes were aimed at charitable trusts, preventing them from claiming exemptions on money sent overseas. Sporting bodies insist they will also be hit by the Government's crackdown. Most organizations at present enjoy a tax exemption because they are established for the encouragement of a game or sport, but under the proposed changes, only sports operating solely in Australia will be able to claim the exemption. Sports that travelled overseas to compete would be subject to income tax on operations. Exact wording of the legislation has not been finalized.