Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-15
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NON-ASSESSABLE INCOME
Division 50
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Exempt entities
Subdivision 50-A
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Various exempt entities
SECTION 50-40
Primary and secondary resources, and tourism
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| Primary and secondary resources, and tourism | ||
| Item | Exempt entity | Special conditions |
| 8.1 | a society or association established for the purpose of promoting the development of: | not carried on for the profit or gain of its individual members |
| (a) aviation; or | ||
| (b) tourism | ||
| . | ||
| 8.2 | a society or association established for the purpose of promoting the development of any of the following Australian resources: | not carried on for the profit or gain of its individual members |
| (a) agricultural resources; | ||
| (b) horticultural resources; | ||
| (c) industrial resources; | ||
| (d) manufacturing resources; | ||
| (e) pastoral resources; | ||
| (f) viticultural resources; | ||
| (g) aquacultural resources; | ||
| (h) fishing resources | ||
| . | ||
| 8.3 | a society or association established for the purpose of promoting the development of Australian information and communications technology resources | not carried on for the profit or gain of its individual members |
| . | ||
| 8.4 | (Repealed by No 70 of 2015) |
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