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Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

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Division 50 - Exempt entities  

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Subdivision 50-A - Various exempt entities  

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SECTION 50-45   Sports, culture and recreation  

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Sports, culture, film and recreation
Item Exempt entity Special conditions
9.1 a society, association or club established for the encouragement of: see section 50-70
  (a)   animal racing; or  
  (b)   art; or  
  (c)   a game or sport; or  
  (d)   literature; or  
  (e)   music  
.
9.2 a society, association or club established for musical purposes see section 50-70
.
9.3 ICC Business Corporation FZ-LLC both of the following:
    (a) the entity is a *wholly-owned subsidiary of International Cricket Council Limited;
    (b) only amounts included as *ordinary income or *statutory income:
      (i) on or after 1 July 2018; and
      (ii) before 1 July 2023
9.4 F é d é ration Internationale de Football Association both of the following:
    (a) only amounts included as *ordinary income or *statutory income:
      (i) on or after 1 July 2020; and
      (ii) before 1 January 2029;
    (b) the ordinary income is *derived from, or the statutory income is from, activities relating to the F é d é ration Internationale de Football Association (FIFA) Women ' s World Cup Australia New Zealand 2023
9.5 FWWC2023 Pty Ltd all of the following:
    (a) the entity is a *wholly-owned subsidiary of the F é d é ration Internationale de Football Association;
    (b) only amounts included as *ordinary income or *statutory income:
      (i) on or after 1 July 2020; and
      (ii) before 1 January 2029;
    (c) the ordinary income is *derived from, or the statutory income is from, activities relating to the F é d é ration Internationale de Football Association (FIFA) Women ' s World Cup Australia New Zealand 2023

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