Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 50.50

Charities established prior to 1 July 1997

    Disregard the use of the following amounts in determining (for the purposes of Subdivision   50 - A of the Income Tax Assessment Act 1997 whether a fund established before 1   July 1997 operates and pursues its purposes in Australia:

  (a)   an amount received by the entity before 1   July 1997;

  (b)   an amount derived from an amount mentioned in paragraph   (a) or this paragraph.

Table of sections

51 - 1   Application of Division   51 of the Income Tax Assessment Act 1997



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