Tax Laws Amendment – Food Donations - Australian Food & Grocery Council

Member Matters

Tax Laws Amendment – Food Donations

8 July 2024

The “Tax Laws Amendment (Incentivising Food Donations to Charitable Organisations) Bill 2024” aims to encourage food donations to registered food charities by providing a tax offset for companies. The bill aims to address food stress and wastage in Australia, providing relief to those facing food insecurity while reducing the environmental and economic impacts of food waste.

Companies can claim a food donations tax offset for expenditures incurred in undertaking food donation activities for registered food charities. An independent review of the incentive’s merits is to be conducted every three years to determine its continuation.

Below is a table setting out further details of the Bill:

Company Turnover (AUD)	Tax Offset Percentage	Type of Offset	Cap Amount (AUD)
Less than $20 million	45%	Refundable	Lower of $5 million or specified percentage
$20 million to less than $50 million	40%	Non-refundable	Lower of $5 million or specified percentage
$50 million or more	30%	Non-refundable	Lower of $5 million or specified percentage