Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)

Schedule 1   VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 7   ELIGIBLE INVESTMENT INCOME OF REGISTERED ORGANISATIONS

53   Object

The object of this Part is:

(a) to include income derived from eligible investment assets in the assessable income of registered organisations other than friendly societies; and

(b) to include income derived from eligible investment assets that are not in benefit funds in the assessable income of registered organisations that are friendly societies.