Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 50 - Exempt entities  

Subdivision 50-A - Various exempt entities  

SECTION 50-5   Charity, education and science  



Charity, education, science and religion
Item Exempt entity Special conditions
1.1 registered charity see sections 50-50 and 50-52
.
1.2 (Repealed by No 169 of 2012)
.
1.3 scientific institution see section 50-55
.
1.4 public educational institution see section 50-55
.
1.5 (Repealed by No 169 of 2012)
.
  1.5A (Repealed by No 169 of 2012)
.
  1.5B (Repealed by No 169 of 2012)
.
1.6 fund established to enable scientific research to be conducted by or in conjunction with a public university or public hospital see section 50-65
.
1.7 society, association or club established for the encouragement of science see section 50-70
.
1.8 (Repealed by No 75 of 2010 )

Note 1:

Section 50-52 has the effect that certain charities are exempt from income tax only if they are endorsed under Subdivision 50-B .

Note 2:

Section 50-80 may affect which item a trust is covered by.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.