3
In forcePrescribed trusts
3 Prescribed trusts
(1)
In this regulation —
registered charity has the meaning given in the Income Tax Assessment Act 1997 (Commonwealth) section 995-1.
(2)
For the purposes of paragraph (b) of the definition of prescribed trust in section 48 of the Act, a trust is of a prescribed class if the trust is a registered charity that is exempt from income tax under the Income Tax Assessment Act 1997 (Commonwealth) Division 50.
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