Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)

Schedule 10   Endorsement of charities etc.

Part 1   Amendments

A New Tax System (Goods and Services Tax) Act 1999

15   Before Division 177

Insert:

Division 176 - Endorsement of charitable institutions etc.

176-1 Endorsement by Commissioner as charitable institution

(1) The Commissioner must endorse an entity as a charitable institution if:

(a) the entity is entitled to be endorsed as a charitable institution (see subsection (2)); and

(b) the entity has applied for that endorsement in accordance with Division 426 in Schedule 1 to the Taxation Administration Act 1953.

(2) An entity is entitled to be endorsed as a charitable institution if the entity:

(a) is a charitable institution; and

(b) has an *ABN.

176-5 Endorsement by Commissioner as trustee of a charitable fund

(1) The Commissioner must endorse an entity as a trustee of a charitable fund if:

(a) the entity is entitled to be endorsed as a trustee of a charitable fund (see subsection (2)); and

(b) the entity has applied for that endorsement in accordance with Division 426 in Schedule 1 to the Taxation Administration Act 1953.

(2) An entity is entitled to be endorsed as a trustee of a charitable fund if the entity:

(a) is a trustee of a charitable fund; and

(b) has an *ABN.