Div 157 (heading) substituted by No 169 of 2012, s 3 and Sch 2 item 112, effective 3 December 2012. The heading formerly read:

Division 157 - Accounting basis of charitable institutions etc.

Div 157 inserted by No 80 of 2006, s 3 and Sch 12 item 14, applicable in relation to net amounts for tax periods starting on or after 30 June 2006.

S 157-10(1) amended by No 169 of 2012, s 3 and Sch 2 item 120, by substituting " *endorsed charity " for " charitable institution, any trustee of a charitable fund " , effective 3 December 2012.

S 157-10(1) amended by No 80 of 2007, s 3 and Sch 2 item 29, by substituting " Paragraphs 29-50(1)(a) and (ab) " for " Paragraph 29-50(1)(a) " , applicable in relation to net amounts for tax periods starting on or after 1 July 2007.

S 157-10(2) repealed by No 169 of 2012, s 3 and Sch 2 item 121, effective 3 December 2012. S 157-10(2) formerly read:

(2)
This section does not apply in relation to a charitable institution or a trustee of a charitable fund unless the institution or trustee is an *endorsed charitable institution or an *endorsed trustee of a charitable fund.

Example:

This section does not apply in relation to an entity that is both a charitable institution and a gift-deductible entity unless the entity is an endorsed charitable institution.

S 157-10(3) amended by No 169 of 2012, s 3 and Sch 2 item 122, by substituting para (a), effective 3 December 2012. Para (a) formerly read:

(a) a charitable institution or a trustee of a charitable fund; or

S 157-10 inserted by No 80 of 2006, s 3 and Sch 12 item 14, applicable in relation to net amounts for tax periods starting on or after 30 June 2006.