Private ruling: Income tax exempt entities
Date of advice: 28 September 2021
Published: December 2021
Ruling period: Year ended 30 June 20XX | Year ended 30 June 20XX | Year ended 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Will providing certain equipment to individuals, in the manner proposed, affect either entity's entitlement to an income tax exemption under section 50-1 and item 1.1 of the table in section 50-52 of the Income Tax Assessment Act 1997 ? | A1: No

Relevant facts and circumstances: You have previously received a private ruling, authorisation number XXXXXXXXXXXXX on this arrangement. The constituent documents have not changed since that private ruling. Grant funding guidelines have been since reviewed and published. Those guidelines do not currently include a specific grant for the provision of certain equipment but will be amended prior to any such provision in line with previous grant funding guidelines.

Relevant legislative provisions: Income Tax Assessment Act 1997 Section 50-1 | Income Tax Assessment Act 1997 Section 50-5 | Income Tax Assessment Act 1997 Section 50-47 | Income Tax Assessment Act 1997 Section 50-50 | Income Tax Assessment Act 1997 Section 50-52 | Income Tax Assessment Act 1997 Subdivision 50-B

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 XXXXXXXXXXXXX. Therefore, the reasons for decision are the same as those contained in private ruling authorisation number XXXXXXXXXXXXX.