Tax Laws Amendment (2011 Measures No. 7) Act 2011 (147 of 2011)

Schedule 8   Ancillary funds

Part 1   Public ancillary funds

Division 3   Transitional provisions

38   Application of Division

This Division applies to a trust if, just before the commencement time, the trust was:

(a) a public fund covered by item 2 of the table in subsection 30-15(2) of the Income Tax Assessment Act 1997; and

(b) endorsed as a deductible gift recipient under section 30-120 of that Act; and

(c) not a private ancillary fund.