111PAnnual general meetings

111P  Annual general meetings

 (1) An order made under section 250PAA applies to a requirement in the governance standards (within the meaning of the Australian Charities and Not‑for‑profits Commission Act 2012) for the holding of an annual general meeting in the same way as the order applies to the requirement in section 250N.

 (2) An exemption under section 250PAB applies to a provision of the governance standards (within the meaning of the Australian Charities and Not‑for‑profits Commission Act 2012) that requires the holding of an annual general meeting in the same way as the exemption applies to section 250N.

32  Paragraph 324BE(1)(b)

 (b) has a designation, in respect of that membership, prescribed by the regulations for the purposes of this paragraph.

Schedule 4—Amendments contingent on the Tax Laws Amendment (Special Conditions for Not‑for‑profit Concessions) Act 2012

Part 1—Amendments that commence if Schedule 1 to the Tax Laws Amendment (Special Conditions for Not‑for‑profit Concessions) Act 2012 has not commenced

1  Subsection 65J(1)

Omit “public benevolent institution, is not a health promotion charity”, substitute “registered public benevolent institution, is not a registered health promotion charity”.

2  Paragraph 65J(1)(a)

3  Paragraph 65J(1)(baa)

 (baa) a registered charity;

4  Section 50‑50 (heading)

50‑50  Special conditions for item 1.1

5  Paragraph 50‑50(a)

Omit “or 1.2”.

6  Section 50‑60

Repeal the section.

7  Subsection 50‑75(3)

Part 2—Amendments that commence after Schedule 1 to the Tax Laws Amendment (Special Conditions for Not‑for‑profit Concessions) Act 2012

Division 1—Amendments that commence if the Tax Laws Amendment (Special Conditions for Not‑for‑profit Concessions) Act 2012 commences before Parts 2 and 3 of Schedule 2 to this Act

8  Subsection 30‑25(1) (paragraph (c) of table item 2.1.10, column headed “Fund, authority or institution”)

Omit “which is carried on otherwise than for the purposes of profit or gain to the individual members of the society or association”, substitute “that is a *not‑for‑profit entity”.

9  Subsection 30‑70(1) (table item 8.1.1, column headed “Fund, authority or institution”)

Omit “*non‑profit company”, substitute “company that is a *not‑for‑profit entity”.

10  Subsection 30‑70(1) (table item 8.1.2, column headed “Fund, authority or institution”)

Omit “*non‑profit company”, substitute “company that is a *not‑for‑profit entity”.