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A new category of deductible gift recipient

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The Federal Budget has revealed that the Commonwealth Government will soon establish a new general category of deductible gift recipient (DGR) to enable men’s and women’s sheds to access DGR status from 1 July 2020.

This will mean that taxpayers will soon be able to claim an income tax deduction for donations of $2 or more to a men’s or women’s shed that has been endorsed as a DGR.

Although it is common for men’s and women’s sheds to be registered charities under the subtypes of ‘advancing health’ or ‘advancing social or public welfare’, many are denied DGR status on the basis that they cannot be properly classified as a health promotion charity or public benevolent institution.

In turn, this has precluded many men’s and women’s sheds from accessing a range of funding opportunities , with many grants being reserved for organisations with DGR status.

The establishment of this category of DGR is intended to acknowledge the beneficial role men’s and women’s sheds can play in the mental health and social inclusion of their members.

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