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Edited version of private advice
Authorisation Number: 1051703999847
Date of advice: 23 June 2020
Ruling
Subject: Income tax - exempt income - community service
Question 1
Is the ordinary and statutory income of the entity exempt from income tax under section 50-1 of Income Tax Assessment Act 1997 (ITAA 1997) pursuant to item 2.1 of the table in section 50-10 of the ITAA 1997?
Answer
Yes
This ruling applies for the following period:
1 July 201X to 30 June 202Y
The scheme commences on:
1 July 201X
Relevant facts and circumstances
You have previously received a private ruling, authorisation number 1012813598266 on this arrangement. The relevant facts remain the same.
Therefore, the reasons for decision are the same as those contained in private ruling authorisation number 1012813598266.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 50-1
Income Tax Assessment Act 1997 section 50-10
Income Tax Assessment Act 1997 section 50-70