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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-4 - CHECKLISTS OF WHAT IS COVERED BY CONCEPTS USED IN THE CORE PROVISIONS  

Division 11 - Particular kinds of non-assessable income    View history reference

Subdivision 11-A - Lists of classes of exempt income    View history reference

SECTION 11-5  

11-5  Entities that are exempt, no matter what kind of ordinary or statutory income they have  

 View history reference
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 or science 
 educational institution, public ..........50-5
 registered charity ..........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[film] (Repealed by No 41 of 2011) 
[funds established by will or trust] (Repealed by No 96 of 2013) 
[finance] (Repealed by No 101 of 2004) 
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
primary or secondary resources, and tourism  
 agricultural society etc. ..........50-40
 aviation society etc. ..........50-40
 Global Infrastructure Hub Ltd..........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

[CCH Note: S 11-5 will be amended by No 70 of 2015, s 3 and Sch 4 item 3, by omitting "Global Infrastructure Hub Ltd ................... 50-40", effective 1 July 2021.]


 



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