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

a)Please explain the income tax requirements for not-for-profit organizations

Answer can include brief explanations of and references to the following:

-Income tax exemptions

-ATO endorsement

-NFPs obligation for yearly reviews

b)Please explain the GST requirements for not-for-profit organizations

Answer should include brief explanations of and references to:

-Requirement to register

-Registration threshold

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