Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:11_17
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 11 cl 17
Character Range: 133865–134617

17  Subsection 65J(5)
Repeal the subsection, substitute:
 (5) A society, association or club is not covered by table item 4, 5, 8, 9, 10, 11 or 12 in subsection (1) for a year of tax if it is:
 (a) an incorporated company where all the stock or shares in the capital of the company is or are beneficially owned by:
 (i) the Commonwealth, a State or a Territory; or
 (ii) an authority or institution of the Commonwealth, a State or a Territory; or
 (b) an incorporated company where the company is limited by guarantee and the interests and rights of the members in or in relation to the company are beneficially owned by:
 (i) the Commonwealth, a State or a Territory; or
 (ii) an authority or institution of the Commonwealth, a State or a Territory.