INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 50 - Exempt entities  

Subdivision 50-A - Various exempt entities  

SECTION 50-5   Charity, education and science  



Charity, education, science and religion
Item Exempt entity Special conditions
1.1 registered charity see sections 50-50 and 50-52
.
1.2 (Repealed by No 169 of 2012)
.
1.3 scientific institution see section 50-55
.
1.4 public educational institution see section 50-55
.
1.5 (Repealed by No 169 of 2012)
.
  1.5A (Repealed by No 169 of 2012)
.
  1.5B (Repealed by No 169 of 2012)
.
1.6 fund established to enable scientific research to be conducted by or in conjunction with a public university or public hospital see section 50-65
.
1.7 society, association or club established for the encouragement of science see section 50-70
.
1.8 (Repealed by No 75 of 2010 )

Note 1:

Section 50-52 has the effect that certain charities are exempt from income tax only if they are endorsed under Subdivision 50-B .

Note 2:

Section 50-80 may affect which item a trust is covered by.


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