Document ID: chunk:federal_register_of_legislation:C2025C00029:section:10:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 10 (pt 6/29)
Character Range: 98517–103559

.........................                                                                                                           101
net income of a trust estate, your present entitlement to                                                                                                97, 101
non‑resident beneficiaries, liability to tax of ...                                                                                                      98A
non‑resident trust estates to which you have transferred property or services, income of
                                                                                                                                                         102AAZD
property of applied for benefit of beneficiaries .......                                                                                                 99B
trust estate includes income from another trust estate                                                                                                   94(5)
trustees' liability to tax .......................                                                                                                       98, 99, 99A, 102, 102S
see also avoidance of tax and superannuation
unearned income
see child
units
acquired in a debt/equity swap, profit on the disposal, cancellation or redemption of
                                                                                                                                                         63E(4)
water conservation
see recoupment
winding‑up
see insurance and liquidation
wool clips
double wool clips, treatment of .................                                                                                                        385‑135, 385‑155
work in progress
receipt of a work in progress amount .............                                                                                                       15‑50

Division 11—Particular kinds of non‑assessable income

Table of Subdivisions
11‑A Lists of classes of exempt income
11‑B Particular kinds of non‑assessable non‑exempt income

Subdivision 11‑A—Lists of classes of exempt income

Table of sections
11‑1A Effect of this Subdivision
11‑1 Overview
11‑5 Entities that are exempt, no matter what kind of ordinary or statutory income they have
11‑15 Ordinary or statutory income which is exempt

11‑1A  Effect of this Subdivision
  This Subdivision is a *Guide.

11‑1  Overview
  Ordinary income or statutory income which is exempt from income tax can be divided into 2 main classes:
 (a) ordinary or statutory income of entities that are exempt, no matter what kind of ordinary or statutory income they have (see table in section 11‑5);
 (b) ordinary or statutory income of a kind that is exempt (see table in section 11‑15).

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