A New Tax System (Goods and Services Tax) Act 1999

Div 157 (heading) substituted by No 169 of 2012, s 3 and Sch 2 item 112, effective 3 December 2012. The heading formerly read:

Division 157 - Accounting basis of charitable institutions etc.

Div 157 inserted by No 80 of 2006, s 3 and Sch 12 item 14, applicable in relation to net amounts for tax periods starting on or after 30 June 2006.

S 157-5(1) amended by No 169 of 2012, s 3 and Sch 2 items 115 and 116, by substituting " An *endorsed charity " for " A charitable institution, a trustee of a charitable fund " and " endorsed charity " for " institution, trustee " , effective 3 December 2012.

S 157-5(2) repealed by No 169 of 2012, s 3 and Sch 2 item 117, effective 3 December 2012. S 157-5(2) formerly read:

(2)
This section does not apply in relation to a charitable institution or a trustee of a charitable fund unless the institution or trustee is an *endorsed charitable institution or an *endorsed trustee of a charitable fund.

Example:

This section does not apply in relation to an entity that is both a charitable institution and a gift-deductible entity unless the entity is an endorsed charitable institution.

S 157-5(3) amended by No 169 of 2012, s 3 and Sch 2 item 118, by substituting para (a), effective 3 December 2012. Para (a) formerly read:

(a) a charitable institution or a trustee of a charitable fund; or

S 157-5 inserted by No 80 of 2006, s 3 and Sch 12 item 14, applicable in relation to net amounts for tax periods starting on or after 30 June 2006.