The Tax Office lost its battle in the Federal Court on a ruling that charities can basically run any business and pays no tax on profits as long as they use those profits entirely for the charity or religion they represented. This means that they can run any business they like, as profitably as they like, without a tax bill. This can include retirement villages but also businesses associated with villages such as medical practices or travel agencies, as examples.
Funding secured for Wesley Mission’s affordable and supported housing project in Canberra
Wesley Mission’s affordable rental and supported housing development in Curtin, Canberra, is officially going ahead after securing funding through the first round of the Australian Government’s $10 billion Housing Australia Future Fund (HAFF)...