What happen to NFP (unincorporated) who didn't know that they will need to register with ACNC and to apply for the NFP Exemption with ATO because of one reason or another. They are eligible to registered with ACNC and eligible to get the NFP Exeption (Income Tax, GST, and FBT rebate) because of the purpose of the NFP but for whatever reason they didn't get the complete information about these requirements.
If 2 years or more later, the NFP registered with ACNC and apply for the NFP exemption, can we still consider the whole operation from the establishment of the organisation?
What are the implications of registering late with ACNC and applying the exemption late?
Kind regards