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a) Please explain the income tax requirements for not-for-profit organizations Answer must include brief explanations of the following: - Income tax exemptions - ATO endorsement

a) Please explain the income tax requirements for not-for-profit organizations Answer must include brief explanations of the following: - Income tax exemptions - ATO endorsement - NFPs obligation for yearly reviews

b) Please explain the GST requirements for not-for-profit organizations Answer must include brief explanations of - Requirement to register - Registration threshold.

TOTAL WORD COUNT IS 350 FOR BOTH. (SHORT Q/A)

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