Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
10 Amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997
64 Subsection 995-1(1)
Insert:
exempt entity means:
(a) an entity whose *ordinary income and *statutory income is exempt from income tax because of Division 50; or
(b) an entity whose *ordinary income and *statutory income is exempt from income tax because of any *Commonwealth law other than this Act.
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