Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 (169 of 2012)

Schedule 4   Amendments contingent on the Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Act 2012

Part 1   Amendments that commence if Schedule 1 to the Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Act 2012 has not commenced

Income Tax Assessment Act 1997

4   Section 50-50 (heading)

Repeal the heading, substitute:

50-50 Special conditions for item 1.1

5Paragraph 50-50(a)

Omit "or 1.2".