Financial update

Those of you who were present at the AGM in September 2018 would have heard the important news with regards to APLI’s deductible gift recipient status. Unfortunately, there had been an error on our part with regards to the tax deductibility status of APLI.

APLI is exempt from paying income tax but does not have deductible gift recipient status. This means that donors cannot claim a tax deduction for donations. Members are still eligible to claim the subscription fee if it is relevant to their occupation.

As soon as this error came to our attention, Treasurer Chris Waples contacted the Australian Taxation Office and the Australian Charities and Not-for-profits Commission to inform them of this and APLI has subsequently engaged a law firm to assist with resolving the matter.