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Edited version of private advice
Authorisation Number: 1051903614367
Date of advice: 28 September 2021
Ruling
Subject: Income tax exempt entities
Question
Will providing certain equipment to individuals, in the manner proposed, affect either entity's entitlement to an income tax exemption under section 50-1 and item 1.1 of the table in section 50-52 of the Income Tax Assessment Act 1997?
Answer
No
This ruling applies for the following periods:
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You have previously received a private ruling, authorisation number XXXXXXXXXXXXX on this arrangement.
The constituent documents have not changed since that private ruling.
Grant funding guidelines have been since reviewed and published.
Those guidelines do not currently include a specific grant for the provision of certain equipment but will be amended prior to any such provision in line with previous grant funding guidelines.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 50-1
Income Tax Assessment Act 1997 Section 50-5
Income Tax Assessment Act 1997 Section 50-47
Income Tax Assessment Act 1997 Section 50-50
Income Tax Assessment Act 1997 Section 50-52
Income Tax Assessment Act 1997 Subdivision 50-B
Reasons for decision
The relevant facts, the law and the Commissioner's view have not changed since the issue of private ruling authorisation number XXXXXXXXXXXXX.
Therefore, the reasons for decision are the same as those contained in private ruling authorisation number XXXXXXXXXXXXX.