Private ruling: Income tax exemption
Date of advice: 12 February 2020
Published: March 2020
Ruling period: 1 July 20XX to 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is the Entity exempt from income tax under section 50 - 1 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes. Its ordinary and statutory income is exempt from income tax.

Relevant facts and circumstances: You have previously received a private ruling, authorisation number 1013030428377 on this arrangement. The relevant facts remain the same.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 50 - 1 | Income Tax Assessment Act 1997 section 50 - 45 | Income Tax Assessment Act 1997 section 50 - 70

Reasons for decision: Summary: The relevant facts, the law and the Commissioner's view have not changed since the issue of private ruling authorisation number 1013030428377. Therefore the reasons for decision are the same as those contained in private ruling authorisation number 1013030428377.