TAXATION ADMINISTRATION REGULATIONS 1976 (REPEALED)

PART 4A - INDIRECT TAX REFUND SCHEME  

REGULATION 21B   SPECIFICATION OF KIND OF ENTITY  

21B(1)    
For paragraph 105-125(1)(a) in Schedule 1 to the Act, an entity of the kind mentioned in subregulation (2) is specified.

21B(2)    
For subregulation (1), an entity must be an entity that is the subject of an international agreement that provides that the Commonwealth is under an obligation to grant indirect tax concessions in relation to the entity.

Example:

The Australian-American Educational Foundation, which was established under the Agreement between the Government of the Commonwealth of Australia and the Government of the United States of America for the financing of certain educational exchange programmes.

The Agreement was done at Canberra on 28 August 1964, and amended on 12 May 1967, 5 December 1988 and 21 February 1992 by exchange of Diplomatic Notes.