INCOME TAX ASSESSMENT ACT 1997 - SECT 11.5 Entities that are exempt, no matter what kind of ordinary or statutory income they have

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 11.5

Entities that are exempt, no matter what kind of ordinary or statutory income they have

Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936.

Note: Special rules apply to entities that cease to be exempt. See Schedule 2D to the Income Tax Assessment Act 1936 .

charity, education, religion or science
charitable fund, public...............................................................	50‑5
charitable institution..................................................................	50‑5
educational institution, public..................................................	50‑5
religious institution....................................................................	50‑5
scientific institution....................................................................	50‑5
scientific research fund..............................................................	50‑5
scientific society etc...................................................................	50‑5
community service
community service society etc.................................................	50‑10
employees and employers
employee association.................................................................	50‑15
employer association.................................................................	50‑15
trade union...................................................................................	50‑15
film
Australian Film Finance Corporation.......................................	50‑45
funds established by will or trust
contributions to other funds.....................................................	50‑20
government
constitutionally protected fund................................................	50‑25
local governing body.................................................................	50‑25
municipal corporation................................................................	50‑25
public authority...........................................................................	50‑25
state/territory bodies..................................................................	24AK to 24AZ
health
health benefits organisation.....................................................	50‑30
hospital.........................................................................................	50‑30
medical benefits organisation...................................................	50‑30
HIH rescue package
..... HIH Claims Support Trust ..................................................	322‑10
mining
British Phosphate Commissioners Banaba Contingency Fund.................................................................................................	50‑35
Phosphate Mining Company of Christmas Island .................	50‑35
primary or secondary resources, and tourism
agricultural society etc. .............................................................	50‑40
aviation society etc. ..................................................................	50‑40
horticultural society etc. ...........................................................	50‑40
industrial society etc. ................................................................	50‑40
manufacturing society etc. .......................................................	50‑40
pastoral society etc. ..................................................................	50‑40
tourism society etc. ...................................................................	50‑40
viticultural society etc. ..............................................................	50‑40
sports, culture or recreation
animal racing society etc. .........................................................	50‑45
art society etc. ............................................................................	50‑45
game society etc. .......................................................................	50‑45
literature society etc. .................................................................	50‑45
music society etc. ......................................................................	50‑45
sport society etc. .......................................................................	50‑45

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