Income Tax Assessment Act 1997
31‑10 Requirements for fund, authority o31‑10 Requirements for fund, authority or institution
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31‑10 Requirements for fund, authority or institution
(1) The fund, authority or institution: (a) must be covered by an item in any of the tables in Subdivision 30‑B and must meet any conditions set out in the relevant table item; or (b) must be an *ancillary fund established under a will or instrument of trust solely for: (i) the purpose of providing money, property or benefits to a fund, authority or institution mentioned in paragraph (a) and for any purposes set out in the item of the table in Subdivision 30‑B that covers the fund, authority or institution; or (ii) the establishment of such a fund, authority or institution. (2) If the fund, authority or institution is not listed specifically in Subdivision 30‑B, it must also: (a) be in Australia; and (b) meet the requirements of section 30‑17 (about the endorsement of deductible gift recipients).