Private ruling: Income tax exemption
Date of advice: 17 July 2017
Published: October 2017

Ruling: Q1: Is the Club exempt from income tax under section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997) as a society, association or club established for the encouragement of a game or sport as described in item 9.1(c) in the table in section 50-45 of the ITAA 1997 | A1: Yes. The commissioner rules that yes the Club is exempt from income tax pursuant to section 50-1 of the Income Tax Assessment Act 1997 (ITAA 1997) as a society, association or club established for the encouragement of a game or sport as described in item 9.1(c) in the table in section 50-45 of the ITAA 1997.