Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 59.50

Indigenous holding entities

                   Without limiting subsection 59-50(6) of the Income Tax Assessment Act 1997 , an entity was an Indigenous holding entity at a time if:

                     (a)  the time occurred:

                              (i)  during an income year starting on or after 1 July 2008; and

                             (ii)  before the commencement of Chapter 2 of the Australian Charities and Not-for-profits Commission Act 2012 ; and

                     (b)  at that time, the entity was endorsed under Subdivision 50-B of the Income Tax Assessment Act 1997 as exempt from income tax because the entity was covered by item 1.1, 1.5, 1.5A or 1.5B of the table in section 50-5 of that Act, as in force at that time.

Table of Subdivisions

61-L      Tax offset for Medicare levy surcharge (lump sum payments in arrears)

Table of Sections

61-575      Application of Subdivision 61-L of the Income Tax Assessment Act 1997



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback