ato logo
Search Suggestion:

Income and assets condition

Your organisation will meet the income and assets condition if it applies its income and assets solely for the purpose for which it is established.

Last updated 30 January 2019

You do not need to read this section if your not-for-profit (NFP) organisation is not required to meet this condition.

See the Requirements for self-assessing entities to work out if your organisation must meet this condition.

Your organisation will meet this condition if it applies its income and assets solely for the purpose for which it is established. If your organisation is new, it will meet this condition if it intends to apply its income and assets solely for the purpose for which it is established.

Your organisation cannot self-assess that it is exempt from income tax if it is requested to meet this condition and does not.

See self-assessment to determine your organisation's next step.

QC46357