A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  


The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 63 - Non-profit sub-entities  

63-5   Entities that may choose to apply this Division  

An entity may choose to apply this Division.

However, the entity must be *registered and must be:

(a) an * endorsed charity or a *government school; or

(aa) a *gift-deductible entity that is a non-profit body; or

(b) a non-profit body that is exempt from income tax under any of these provisions of the * ITAA 1997 :

(i) section 50-5 (charity, education and science);

(ii) section 50-10 (community service);

(iii) section 50-15 (employees and employers);

(iv) section 50-40 (primary and secondary resources, and tourism);

(v) item 9.1 or 9.2 of section 50-45 (sports, culture and recreation).

(Repealed by No 169 of 2012)

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