Charities (Consequential Amendments and Transitional Provisions) Act 2013 (96 of 2013)

Schedule 1   Consequential amendments

Part 1   Main amendments

Income Tax Assessment Act 1997

33   Paragraphs 50-110(5)(a), (b) and (c)

Repeal the paragraphs, substitute:

(a) the entity must meet the relevant conditions referred to in the column headed "Special conditions" of item 1.1 of the table in section 50-5; or

(b) both of the following conditions must be met:

(i) the entity must not have carried on any activities as a charity;

(ii) there must be reasonable grounds for believing that the entity will meet the relevant conditions referred to in the column headed "Special conditions" of item 1.1 of the table.