s 50-50
In forceCharities established prior to 1 July 1997
Chapter 2Liability rules of general application
Part 2-15Non‑assessable income
Division 50Exempt entities
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 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.
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