Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 2   Private ancillary funds

Part 3   Transitional provisions

Division 3   Transitional private ancillary funds

30   Transitional - endorsement as a deductible gift recipient

(1) The trust is taken to have been endorsed as a deductible gift recipient under section 30-120 of theIncome Tax Assessment Act 1997 at the commencement time.

(2) To avoid doubt, subitem (1) does not prevent the Commissioner from revoking that endorsement at a later time under section 426-55 in Schedule 1 to theTaxation Administration Act 1953.