Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)

Schedule 5   Endorsement of perpetual bodies as deductible gift recipients

Income Tax Assessment Act 1997

2   Paragraph 30-125(2)(d)

Repeal the paragraph, substitute:

(d) the entity meets the requirements of:

(i) if the entity is established by an Act and the Act (or another Act) does not provide for the winding up or termination of the entity - subsections (4) and (5); and

(ii) in any other case - subsections (4), (5) and (6).