Tax Laws Amendment (2005 Measures No. 3) Act 2005 (63 of 2005)
Schedule 1 Philanthropy
Income Tax Assessment Act 1997
7 After section 50-15
Insert:
50-20 Funds contributing to other funds
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Funds contributing to other funds |
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Item |
Exempt entity |
Special conditions |
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4.1 |
fund established by will or instrument of trust solely for a purpose referred to in paragraph (a) or (b) of the column headed “Recipient” in item 2 of the table in section 30-15 (and not covered by item 1.5, 1.5A or 1.5B of the table in section 50-5) |
see sections 50-52 and 50-72 |