B. 2010 DQ CHANGES:
REVIEW AND UPDATE
•DQ is prescribed amount that registered charities must disburse
each year in order to maintain charitable registration
•Purposes
of DQ
–Curtail
fundraising costs
–Limit
excessive capital accumulation
–Ensure significant resources devoted to charitable purposes
and activities
•DQ
introduced in 1976
•Significant reforms in 2004, whereby the
DQ regime became significantly more complex
•Federal Budget of 2010 reformed and simplified the DQ
regime
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