INCOME TAX ASSESSMENT ACT 1936 - SECT 102MD Exempt institution that is eligible for a refund not treated as exempt entity
INCOME TAX ASSESSMENT ACT 1936 - SECT 102MD
Exempt institution that is eligible for a refund not treated as exempt entityFor the purposes of this Division, treat an entity as not being an exempt entity if:
(a) the entity is an exempt institution that is eligible for a refund (within the meaning of the Income Tax Assessment Act 1997 ); or
(b) the entity is treated as such an exempt institution that is eligible for a refund.
Example: The Future Fund Board is treated as an exempt institution that
is eligible for a refund for the purposes of the
Income Tax Assessment Act 1997 (see section 84B of the
Future Fund Act 2006 ).