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

Schedule 11  

Part 5   Other amendments

Income Tax Assessment Act 1997

54   At the end of subsection 50-72(1)

Add:

; and (c) complies with all the substantive requirements in its governing rules; and

(d) applies its income and assets solely for the purpose for which the fund is established.