Tax Law Improvement Act 1997 (121 of 1997)
Schedule 3 Exempt income
Part 2 Consequential amendment of the Income Tax Assessment Act 1997
3 Section 11-5 (table)
Repeal the table, substitute:
|
charity, education, religion or science |
|
|
charitable fund, public |
50-5 |
|
charitable institution |
50-5 |
|
educational institution, public |
50-5 |
|
religious institution |
50-5 |
|
scientific institution |
50-5 |
|
scientific research fund |
50-5 |
|
scientific society etc. |
50-5 |
|
community service |
|
|
community service society etc. |
50-10 |
|
employees and employers |
|
|
employee association |
50-15 |
|
employer association |
50-15 |
|
trade union |
50-15 |
|
film |
|
|
Australian Film Finance Corporation |
50-45 |
|
finance |
|
|
friendly society |
50-20 |
|
government |
|
|
local governing body |
50-25 |
|
municipal corporation |
50-25 |
|
public authority |
50-25 |
|
state/territory bodies |
24AK to 24AZ |
|
health |
|
|
health benefits organisation |
50-30 |
|
hospital |
50-30 |
|
medical benefits organisation |
50-30 |
|
mining |
|
|
British Phosphate Commissioners Banaba Contingency Fund |
|
|
Phosphate Mining Company of Christmas Island |
50-35 |
|
primary or secondary resources, and tourism |
|
|
agricultural society etc. |
50-40 |
|
aviation society etc. |
50-40 |
|
horticultural society etc. |
50-40 |
|
industrial society etc. |
50-40 |
|
manufacturing society etc. |
50-40 |
|
pastoral society etc. |
50-40 |
|
tourism society etc. |
50-40 |
|
viticultural society etc. |
50-40 |
|
sports, culture or recreation |
|
|
animal racing society etc. |
50-45 |
|
art society etc. |
50-45 |
|
game society etc. |
50-45 |
|
literature society etc. |
50-45 |
|
music society etc. |
50-45 |
|
sport society etc. |
50-45 |