Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012
40At the end of Division 50
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40 At the end of Division 50
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50‑50 Charities established prior to 1 July 1997
Disregard the use of the following amounts in determining (for the purposes of Subdivision 50‑A of the Income Tax Assessment Act 1997, as amended by Schedules 1 and 2 to the Tax Laws Amendment (Special Conditions for Not‑for‑profit Concessions) Act 2012) whether a fund established before 1 July 1997 operates and pursues its purposes in Australia:
(a) an amount received by the entity before 1 July 1997;
(b) an amount derived from an amount mentioned in paragraph (a) or this paragraph.
Tax Laws Amendment (2010 Measures No. 2) Act 2010
41 Item 10 of Schedule 5 (heading)
10 Section 11‑5 (table item headed “charity, education or religion”)
Part 3—Fringe benefits tax
42 Paragraph 57(a)
43 At the end of paragraphs 57(a) and (b)
44 Subsection 57A(1)
44A Subsection 57A(1)
Omit “subsection 123C(1) or (5)”, substitute “section 123C”.