Tax Laws Amendment (2013 Measures No. 2) Act 2013 (124 of 2013)
Schedule 11
Part 1 Amendments commencing after the Australian Charities and Not-for-profits Commission Act 2012
Income Tax Assessment Act 1997
2 After section 50-45
Insert:
50-47 Special condition for all items
An entity that:
(a) is covered by any item; and
(b) is an *ACNC type of entity;
is not exempt from income tax unless the entity is registered under the Australian Charities and Not-for-profits Commission Act 2012.
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