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 50-15   Employees and employers  



Employees and employers
Item Exempt entity Special conditions
3.1 (a) employee association; or the association:
(b) employer association (a) is registered or recognised under the Fair Work (Registered Organisations) Act 2009 or an *Australian law relating to the settlement of industrial disputes; and
(b) is located in Australia, and incurs its expenditure and pursues its objectives principally in Australia; and
(c) complies with all the substantive requirements in its governing rules; and
(d) applies its income and assets solely for the purpose for which the association is established
.
3.2 trade union the trade union:
(a) is located in Australia, and incurs its expenditure and pursues its objectives principally in Australia; and
(b) complies with all the substantive requirements in its governing rules; and
(c) applies its income and assets solely for the purpose for which the trade union is established


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