Tax Laws Amendment (2013 Measures No. 2) Act 2013 (124 of 2013)

Schedule 11  

Part 1   Amendments commencing after the Australian Charities and Not-for-profits Commission Act 2012

Income Tax Assessment Act 1997

1   At the end of section 50-1

Add:

Note 3: In all cases the exemption is subject to the special condition in section 50-47 (about an entity that is an ACNC type of entity).