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|1.2||(Repealed by No 169 of 2012)|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|1.5||(Repealed by No 169 of 2012)|
|1.5A||(Repealed by No 169 of 2012)|
|1.5B||(Repealed by No 169 of 2012)|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|1.8||(Repealed by No 75 of 2010 )|
Section 50-52 has the effect that certain charities are exempt from income tax only if they are endorsed under Subdivision 50-B .
Section 50-80 may affect which item a trust is covered by.
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