October 8, 2019
In response to misinformation recently reported in the media, the College of Universal Medicine would like to make the following statement:
The College was established in 2011 and has been offering a broad range of informal adult education in the community and internationally since 2014. As part of our broad range of informal education, the College has also presented two series of free community talks throughout the last three years.
In 2015 the College voluntarily withdrew from the Deductable Gifts Recipient regime when it became clear that the ATO had decided that they intended to restrict the taxation regime to educational institutions offering only formal education pathways.
Many Sunday Schools and other informal educational institutions also changed their status during this period for similar reasons.
The Board of the College of Universal Medicine takes its legal duties seriously and has ensured that its accounts are audited each year by independent auditors.
The College has kept a meticulous record of all accounts including donations with such donations quarantined in separate School Building Fund accounts in accordance with the relevant legislation. Hence when The College withdrew from the DGR regime in 2015, all funds collected during the College’s period of DGR status were returned to donors (along with accrued interest), with the full knowledge and assent of the ATO and the ACNC.
Again, we would like to thank previous donors for their willingness to support adult education designed to take a deeper look at lifestyle issues that affect individuals, families, people in the workplace and whole community wellbeing.
For more information on the College’s work we invite you to further explore our courses page.