A FACT sheet has been released specifying what characteristics public benevolent institutions need to have to gain a fringe benefits tax exemption.
A public benevolent institution is a not-for-profit institution organised for the direct relief of poverty, sickness, suffering, distress, misfortune, disability or helplessness.
The characteristics are:
It is set up for needs that require benevolent relief;
It relieves those needs by directly providing services to people suffering them;
- It is carried on the public benefit;
- It is non-profit;
- It is an institution; and
- Its dominant purpose is providing benevolent relief.
