INCOME TAX ASSESSMENT ACT 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-4 - CHECKLISTS OF WHAT IS COVERED BY CONCEPTS USED IN THE CORE PROVISIONS  

Division 11 - Particular kinds of non-assessable income  

Subdivision 11-A - Lists of classes of exempt income  

SECTION 11-5   11-5   Entities that are exempt, no matter what kind of ordinary or statutory income they have  


Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 .
Note:

Special rules apply to entities that cease to be exempt. See Schedule 2D to the Income Tax Assessment Act 1936 .


charity, education or science
educational institution, public 50-5
registered charity 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[ film] (Repealed by No 41 of 2011)
[ funds established by will or trust] (Repealed by No 96 of 2013)
[ finance] (Repealed by No 101 of 2004)
government
constitutionally protected fund 50-25
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
HIH rescue package
HIH Claims Support Trust 322-10
mining
British Phosphate Commissioners Banaba Contingency Fund 50-35
primary or secondary resources, and tourism
agricultural society etc. 50-40
aviation society etc. 50-40
Global Infrastructure Hub Ltd 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
ICC Business Corporation FZ-LLC 50-45
literature society etc. 50-45
music society etc. 50-45
sport society etc. 50-45


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