Charities/philanthropy
The five-year, National Philanthropy Policy, launched last December, is key to fostering a new approach to giving. As an initial step in supporting the policy, I will remove barriers to charities having access to tax benefits under the Charitable Donations Tax Scheme. Charities will no longer have to have been established for at least two years to access the scheme, and will have a longer timeframe from the date of a donation to use the funds raised under the scheme for the important work they do.