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Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

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Division 50 - Exempt entities  

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Subdivision 50-A - Various exempt entities  

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SECTION 50-45   Sports, culture and recreation  

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Sports, culture, film and recreation
Item Exempt entity Special conditions
9.1 a society, association or club established for the encouragement of: see section 50-70
(a)   animal racing; or
(b)   art; or
(c)   a game or sport; or
(d)   literature; or
(e)   music
.
9.2 a society, association or club established for musical purposes see section 50-70
.
9.3 ICC Business Corporation FZ-LLC both of the following:
(a) the entity is a * wholly-owned subsidiary of International Cricket Council Limited;
(b) only amounts included as * ordinary income or * statutory income:
(i) on or after 1 July 2018; and
(ii) before 1 July 2023
9.4 F é d é ration Internationale de Football Association both of the following:
(a) only amounts included as * ordinary income or * statutory income:
(i) on or after 1 July 2020; and
(ii) before 1 January 2029;
(b) the ordinary income is * derived from, or the statutory income is from, activities relating to the F é d é ration Internationale de Football Association (FIFA) Women ' s World Cup Australia New Zealand 2023
9.5 FWWC2023 Pty Ltd all of the following:
(a) the entity is a * wholly-owned subsidiary of the F é d é ration Internationale de Football Association;
(b) only amounts included as * ordinary income or * statutory income:
(i) on or after 1 July 2020; and
(ii) before 1 January 2029;
(c) the ordinary income is * derived from, or the statutory income is from, activities relating to the F é d é ration Internationale de Football Association (FIFA) Women ' s World Cup Australia New Zealand 2023

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