Income Tax Assessment Act 1997



Division 50 - Exempt entities  

Subdivision 50-A - Various exempt entities  

SECTION 50-45   Sports, culture and recreation  

Sports, culture, film and recreation
Item Exempt entity Special conditions
9.1 a society, association or club established for the encouragement of: see section 50-70
(a)   animal racing; or
(b)   art; or
(c)   a game or sport; or
(d)   literature; or
(e)   music
9.2 a society, association or club established for musical purposes see section 50-70
9.3 ICC Business Corporation FZ-LLC both of the following:
(a) the entity is a *wholly-owned subsidiary of International Cricket Council Limited;
(b) only amounts included as *ordinary income or *statutory income:
(i) on or after 1 July 2018; and
(ii) before 1 July 2023
9.4 (Repealed by No 41 of 2011)


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