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 50-5
Charity, education and science
Charity, education, science and religion | ||
Item | Exempt entity | Special conditions |
1.1 | registered charity | see sections 50-50 and 50-52 |
. | ||
1.2 | (Repealed by No 169 of 2012) | |
. | ||
1.3 | scientific institution | see section 50-55 |
. | ||
1.4 | public educational institution | see section 50-55 |
. | ||
1.5 | (Repealed by No 169 of 2012) | |
. | ||
1.5A | (Repealed by No 169 of 2012) | |
. | ||
1.5B | (Repealed by No 169 of 2012) | |
. | ||
1.6 | fund established to enable scientific research to be conducted by or in conjunction with a public university or public hospital | see section 50-65 |
. | ||
1.7 | society, association or club established for the encouragement of science | see section 50-70 |
. | ||
1.8 | (Repealed by No 75 of 2010 ) |
Note 1:
Section 50-52 has the effect that certain charities are exempt from income tax only if they are endorsed under Subdivision 50-B .
Note 2:
Section 50-80 may affect which item a trust is covered by.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.