Australian Future Leaders Fund

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The Australian Future Leaders Foundation Limited (ABN 28 649 403 654) withdrew its Deductible Gift Recipient (DGR) status in May 2024. The Foundation's correspondence to the Australian Taxation Office dated 3 May 2024 stated that supporters had not utilised the DGR concession and were unlikely to do so in future, and that the organisation wished to withdraw due to the administrative burden of DGR listing. Treasury's Not-for-profit Unit acknowledged the removal request on 15 May 2024, confirming the Foundation's specific listing would be removed from the Income Tax Assessment Act 1997 through an upcoming MYEFO or Budget process. No financial impacts or costings were disclosed in the released documents.