Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 50.5

Charity, education and science

 

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.



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