Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
The Minister must, by legislative instrument, formulate guidelines (the private ancillary fund guidelines ) setting out:
(a) rules that *private ancillary funds and their trustees must comply with if the funds are to be, or are to remain, endorsed as *deductible gift recipients; and
(b) the amount of the administrative penalty, or how to work out the amount of the administrative penalty, under subsection 426-120(1) in relation to private ancillary funds.
Note: See section 3AA .
Chapter 5 - Administration
PART 5-35
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REGISTRATION AND SIMILAR PROCESSES FOR VARIOUS TAXES
Division 426
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Process of endorsing charities and other entities
Subdivision 426-D
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Public and private ancillary funds
Private ancillary funds
SECTION 426-110
426-110
PRIVATE ANCILLARY FUND GUIDELINES
The Minister must, by legislative instrument, formulate guidelines (the private ancillary fund guidelines ) setting out:
(a) rules that *private ancillary funds and their trustees must comply with if the funds are to be, or are to remain, endorsed as *deductible gift recipients; and
(b) the amount of the administrative penalty, or how to work out the amount of the administrative penalty, under subsection 426-120(1) in relation to private ancillary funds.
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