Private ruling: Income tax exemption
Date of advice: 23 April 2026
Published: 13 July 2026
Ruling period: 1 July 20XX to 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is the Association exempt from income tax under section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997) as a society or association established for the purpose of promoting the development of Australian manufacturing resources and Australian information and communications technology resources pursuant to item 8.2(d) and item 8.3 respectively of the table in section 50-40 of the ITAA 1997? | A1: Yes. After a review of Association's application and supporting information, consistent with previous rulings issued to Association, it is accepted that Association continues to satisfy the requirements as an association established for the purpose of promoting the development of Australian manufacturing resources and Australian information and communications technology resources pursuant to item 8.2(d) and item 8.3 of the table in section 50-40 of the ITAA 1997. The Association's object and activities under its current constitution also show that you are not carried on for the profit or gain of its individual members. Therefore, you are exempt from income tax under section 50-1 of the ITAA 1997.

Relevant facts and circumstances: 1. The Association is a public company limited by guarantee. 2. The Association is not registered with Australian Charities and Not-for-profits Commission (ACNC). 3. The Association was originally established under a different name, changing its name to the Association prior to the ruing period. 4. The Association's purpose as per the Constitution is to promote the development of manufacturing and information and communications technology (ICT) resources in Australia. 5. A significant event is undertaken by the Association yearly and is the main activity used to promote the development of the resources. 6. The Association has the appropriate winding up, not for profit income and property clauses in its Constitution.

Relevant legislative provisions: Income Tax Assessment Act 1997 Division 50 | Income Tax Assessment Act 1997 Subdivision 50-A | Income Tax Assessment Act 1997 section 50-1 | Income Tax Assessment Act 1997 section 50-40 | Income Tax Assessment Act 1997 section 50-47 | Income Tax Assessment Act 1997 subsection 995-1(1) | Australian Charities and Not-for-profits Commission Act 2012 subsection 25-5(5) | Charities Act 2013 section 5 | Charities Act 2013 section 12