INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 50 - Exempt entities  

Subdivision 50-A - Various exempt entities  

SECTION 50-45   Sports, culture and recreation  



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9.4 (Repealed by No 41 of 2011)


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.