Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 (169 of 2012)

Schedule 2   References to charities etc.

Part 2   Tax exempt entities

Income Tax Assessment Act 1997

32   Section 50-20 (cell at table item 4.1, column headed "Exempt entity")

Repeal the cell, substitute:

a fund that:

(a) is established by will or instrument of trust solely for a purpose referred to in paragraph (a) or (b) of the column headed "Recipient" in item 2 of the table in section 30-15; and

(b) is not a charity


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