A New Tax System (Goods and Services Tax) Act 1999
The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.Division 157 - Accounting basis of charities etc.
Paragraphs 29-50(1)(a) and (ab) and subsection 29-50(3) do not apply in relation to any * endorsed charity , any * gift-deductible entity or any * government school .
(Repealed by No 169 of 2012)
This section does not apply in relation to a * gift-deductible entity endorsed as a deductible gift recipient (within the meaning of the * ITAA 1997 ) under section 30-120 of the ITAA 1997, unless the entity is:
(a) an * endorsed charity ; or
(b) a * government school ; or
(c) a fund, authority or institution of a kind referred to in paragraph 30-125(1)(b) of the ITAA 1997.
This subsection excludes from this section certain (but not all) gift-deductible entities that are only endorsed for the operation of a fund, authority or institution.