Income Tax Assessment Act 1997
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View history noteDivision 31 inserted by No 167 of 2001.
The fund, authority or institution:
(a) must be covered by an item in any of the tables in Subdivision 30-B and must meet any conditions set out in the relevant table item; or
(b) must be an * ancillary fund established under a will or instrument of trust solely for:
(i) the purpose of providing money, property or benefits to a fund, authority or institution mentioned in paragraph (a) and for any purposes set out in the item of the table in Subdivision 30-B that covers the fund, authority or institution; or
(ii) the establishment of such a fund, authority or institution.
S 31-10(1) amended by No 147 of 2011, s 3 and Sch 8 item 6, by substituting " an * ancillary fund " for " a public fund, or a * private ancillary fund, " in para (b), effective 1 January 2012.
S 31-10(1) amended by No 88 of 2009, s 3 and Sch 2 item 10, by substituting " * private ancillary fund " for " * prescribed private fund " in para (b), effective 1 October 2009. For transitional provisions, see note under s 30-15(2) .
31-10(2)
If the fund, authority or institution is not listed specifically in Subdivision 30-B , it must also:
(a) be in Australia; and
(b) meet the requirements of section 30-17 (about the endorsement of deductible gift recipients).
S 31-10(2) amended by No 88 of 2009, s 3 and Sch 2 item 11, by omitting " or be a * prescribed private fund " after " deductible gift recipients) " in para (b), effective 1 October 2009. For transitional provisions, see note under s 30-15(2) .
S 31-10 inserted by No 167 of 2001.
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