Tax Laws Amendment (2006 Measures No. 7) Act 2007 (55 of 2007)

Schedule 3   Streamline gift fund and integrity arrangements for deductible gift recipients

Income Tax Assessment Act 1997

1   Paragraph 30-125(1)(c)

Repeal the paragraph, substitute:

(c) meets the requirements of subsection (6), unless:

(i) the entity is established by an Act; and

(ii) the Act (or another Act) does not provide for the winding up or termination of the entity.