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

Schedule 11  

Part 1   Amendments commencing after the Australian Charities and Not-for-profits Commission Act 2012

Income Tax Assessment Act 1997

2   After section 50-45

Insert:

50-47 Special condition for all items

An entity that:

(a) is covered by any item; and

(b) is an *ACNC type of entity;

is not exempt from income tax unless the entity is registered under the Australian Charities and Not-for-profits Commission Act 2012.