| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of your written advice
Authorisation Number: 1012747345433
Ruling
Subject: Income Tax Exemption
Question
Will the Club continue to be exempt from income tax under section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997) as a club to which item 9.1 in section 50-45 of ITAA 1997 applies, during and after the period of the proposed works on the site?
Answer
Yes.
On the basis of the Club's submission, it is reasonable to accept that, based on the activities of the Club, its main objective and substantive requirement, continues to be in relation to which item 9.1 in section 50-45 of the ITAA 1997 applies. The proposed works on site will be incidental or secondary and to assist the Club to carry out its main objective.