Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)
Schedule 1 VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936
Part 7 ELIGIBLE INVESTMENT INCOME OF REGISTERED ORGANISATIONS
53 Object
The object of this Part is:
(a) to include income derived from eligible investment assets in the assessable income of registered organisations other than friendly societies; and
(b) to include income derived from eligible investment assets that are not in benefit funds in the assessable income of registered organisations that are friendly societies.
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