Money laundering law may trip arts fundraising

New laws aimed at preventing shady offshore financing could create difficulties for arts companies with international agendas.
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Sydney Dance Company on tour in London. Photo: Wendell Theodoro, Londondance.com

The new laws require organisations registered as deductible gift recipients (DGRs), which includes most arts organisations, to spend their money within Australia unless they have special exemptions.

The Federal Government has released an exposure draft of the Tax and Superannuation Laws Amendment which is aimed primarily at charities that might act as fronts for terrorism, arms dealing or drugs.

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