Disclaimer
You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4.

Edited version of private advice

Authorisation Number: 1051703999847

Date of advice: 23 June 2020

Ruling

Subject: Income tax - exempt income - community service

Question 1

Is the ordinary and statutory income of the entity exempt from income tax under section 50-1 of Income Tax Assessment Act 1997 (ITAA 1997) pursuant to item 2.1 of the table in section 50-10 of the ITAA 1997?

Answer

Yes

This ruling applies for the following period:

1 July 201X to 30 June 202Y

The scheme commences on:

1 July 201X

Relevant facts and circumstances

You have previously received a private ruling, authorisation number 1012813598266 on this arrangement. The relevant facts remain the same.

Therefore, the reasons for decision are the same as those contained in private ruling authorisation number 1012813598266.

Relevant legislative provisions

Income Tax Assessment Act 1997 section 50-1

Income Tax Assessment Act 1997 section 50-10

Income Tax Assessment Act 1997 section 50-70


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).