Charities (Consequential Amendments and Transitional Provisions) Act 2013 (96 of 2013)

Schedule 2   Transitional provisions

Part 2   Registration

Division 2   Funds contributing to other funds

5   Opt-out

If, during the period of 12 months starting on the commencement day, a fund notifies the Commissioner of the ACNC, in the approved form, that the fund does not want item 4 to apply to the fund:

(a) item 4 does not apply, and is taken never to have applied, to the fund; and

(b) the Commissioner of Taxation is treated as having revoked, on the day before the commencement day, the entity's endorsement mentioned in paragraph 426-5(h) in Schedule 1 to the Taxation Administration Act 1953.