Income Tax Assessment Act 1997
A cultural organisation is a *registered charity, or an *Australian government agency, that satisfies each requirement in this section.
Its principal purpose must be the promotion of literature, music, a performing art, a visual art, a craft, design, film, video, television, radio, community arts, arts or languages of * Indigenous persons or movable cultural heritage.
It must maintain a public fund that meets the requirements of section 30-130 , or would meet those requirements if the *cultural organisation were a fund, authority or institution.
(Repealed by No 58 of 2006 )
It must not pay any of its profits or financial surplus, or give any of its property, to its members, beneficiaries, controllers or owners (as appropriate). 30-300(6)
It must have agreed to comply with any rules that the Minister and the *Arts Minister make to ensure that gifts made to the fund are used only for its principal purpose.
It must have agreed to give the *Arts Secretary, at intervals of 6 months, statistical information about gifts made to the public fund during the last 6 months.
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