Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 (169 of 2012)
Schedule 2 References to charities etc.
Part 2 Tax exempt entities
Income Tax Assessment Act 1997
32 Section 50-20 (cell at table item 4.1, column headed "Exempt entity")
Repeal the cell, substitute:
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a fund that: (a) is 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 (b) is not a charity |
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