Tax Laws Amendment (2011 Measures No. 7) Act 2011 (147 of 2011)
Schedule 8 Ancillary funds
Part 1 Public ancillary funds
Division 3 Transitional provisions
38 Application of Division
This Division applies to a trust if, just before the commencement time, the trust was:
(a) a public fund covered by item 2 of the table in subsection 30-15(2) of the Income Tax Assessment Act 1997; and
(b) endorsed as a deductible gift recipient under section 30-120 of that Act; and
(c) not a private ancillary fund.
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