Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 50.5

 

Charity, education, science and religion
Item	Exempt entity	Special conditions
1.1	registered charity	see sections   50 - 50 and 50 - 52
1.3	scientific institution	see section   50 - 55
1.4	public educational institution	see section   50 - 55
1.6	fund established to enable scientific research to be conducted by or in conjunction with a public university or public hospital	see section   50 - 65
1.7	society, association or club established for the encouragement of science	see section   50 - 70

Note 1:   Section   50 - 52 has the effect that certain charities are exempt from income tax only if they are endorsed under Subdivision   50 - B.

Note 2:   Section   50 - 80   may affect which item a trust is covered by.