Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 50.45

Sports, culture and recreation

 

Sports, culture, film and recreation

Item

Exempt entity

Special conditions

9.1

a society, association or club established for the encouragement of:

(a)   animal racing; or

(b)   art; or

(c)   a game or sport; or

(d)   literature; or

(e)   music

see section   50 - 70

9.2

a society, association or club established for musical purposes

see section   50 - 70

9.3

ICC Business Corporation FZ - LLC

both of the following:

(a) the entity is a * wholly - owned subsidiary of International Cricket Council Limited;

(b) only amounts included as * ordinary income or * statutory income:

(i) on or after 1   July 2018; and

(ii) before 1   July 2023

9.4

Fédération Internationale de Football Association

both of the following:

(a) only amounts included as * ordinary income or * statutory income:

(i) on or after 1   July 2020; and

(ii) before 1   January 2029;

(b) the ordinary income is * derived from, or the statutory income is from, activities relating to the Fédération Internationale de Football Association (FIFA) Women's World Cup Australia New Zealand 2023

9.5

FWWC2023 Pty Ltd

all of the following:

(a) the entity is a * wholly - owned subsidiary of the Fédération Internationale de Football Association;

(b) only amounts included as * ordinary income or * statutory income:

(i) on or after 1   July 2020; and

(ii) before 1   January 2029;

(c) the ordinary income is * derived from, or the statutory income is from, activities relating to the Fédération Internationale de Football Association (FIFA) Women's World Cup Australia New Zealand 2023


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