Tax Law Improvement Act 1997 (121 of 1997)

Schedule 3   Exempt income

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

61   Subsection 269B(1)

Repeal the subsection, substitute:

(1) Nothing in:

(a) sections 23G and 24AM of this Act; and

(b) sections 50-5, 50-10, 50-15, 50-20, 50-25, 50-30, 50-40 and 50-45 of the Income Tax Assessment Act 1997;

exempts a trustee of an eligible entity from liability to tax as provided by this Part.