Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 50.40

Primary and secondary resources, and tourism

 

Primary and secondary resources, and tourism

Item

Exempt entity

Special conditions

8.1

a society or association established for the purpose of promoting the development of:

(a)   aviation; or

(b)   tourism

not carried on for the profit or gain of its individual members

8.2

a society or association established for the purpose of promoting the development of any of the following Australian resources:

(a)   agricultural resources;

(b)   horticultural resources;

(c)   industrial resources;

(d)   manufacturing resources;

(e)   pastoral resources;

(f)   viticultural resources;

(g)   aquacultural resources;

(h)   fishing resources

not carried on for the profit or gain of its individual members

8.3

a society or association established for the purpose of promoting the development of Australian information and communications technology resources

not carried on for the profit or gain of its individual members

8.4

Global Infrastructure Hub Ltd

only amounts included as * ordinary income or * statutory income:

(a) on or after 24   December 2014; and

(b) before 1   July 2023



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