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

Schedule 11  

Part 5   Other amendments

Income Tax Assessment Act 1997

36   Section 50-15 (at the end of the cell at table item 3.1, column headed "Special conditions")

Add:

; and (c) complies with all the substantive requirements in its governing rules; and

(d) applies its income and assets solely for the purpose for which the association is established