Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

View history reference

 View history note

 Hide history note

History

Pt 2-15 (heading) substituted by No 66 of 2003.

Pt 2-15 inserted by No 121 of 1997.

Division 50 - Exempt entities  

View history reference

 View history note

 Hide history note

History

Div 50 inserted by No 121 of 1997.

Subdivision 50-A - Various exempt entities  

View history reference

SECTION 50-15   Employees and employers  

View history reference

Employees and employers
Item	Exempt entity	Special conditions
3.1	(a)	employee association; or	the association:
	(b)	employer association	(a)	is registered or recognised under the Fair Work (Registered Organisations) Act 2009 or an *Australian law relating to the settlement of industrial disputes; and
			(b)	is located in Australia, and incurs its expenditure and pursues its objectives principally in Australia; 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
.
3.2	trade union	the trade union:
		(a)	is located in Australia, and incurs its expenditure and pursues its objectives principally in Australia; and
		(b)	complies with all the substantive requirements in its governing rules; and
		(c)	applies its income and assets solely for the purpose for which the trade union is established

 View history note

 Hide history note

History

S 50-15 amended by No 124 of 2013, s 3 and Sch 11 items 36 - 37, by inserting para (c) and (d) in table item 3.1, column headed " Special conditions " and substituting the cell at table item 3.2, column headed " Special conditions " , applicable in relation to income years starting on or after 30 June 2013. The cell at table item 3.2 formerly read:

located in Australia and incurring its expenditure and pursuing its objectives principally in Australia

S 50-15 amended by No 54 of 2009, s 3 and Sch 18 item 6, by substituting " or recognised under the Fair Work (Registered Organisations) Act 2009 " for " under the Workplace Relations Act 1996 " in table item 3.1, effective 1 July 2009.

S 50-15 amended by SLI No 50 of 2006, reg 3 and Sch 51 item 4, by inserting " the Workplace Relations Act 1996 or " after " under " in para (a), column 3 of item 3.1 in the table, effective 27 March 2006.

S 50-15 amended by No 101 of 2004, No 47 of 1998 and inserted by No 121 of 1997.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.