Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:11_8
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 11 cl 8
Character Range: 124136–125016

8  At the end of Part 2‑15
Add:

Division 59—Particular amounts of non‑assessable non‑exempt income

Table of Subdivisions
59‑N Native title benefits

Subdivision 59‑N—Native title benefits

Table of sections
59‑50 Indigenous holding entities

59‑50  Indigenous holding entities
  Without limiting subsection 59‑50(6) of the Income Tax Assessment Act 1997, an entity was an Indigenous holding entity at a time if:
 (a) the time occurred:
 (i) during an income year starting on or after 1 July 2008; and
 (ii) before the commencement of Chapter 2 of the Australian Charities and Not‑for‑profits Commission Act 2012; and
 (b) at that time, the entity was endorsed under Subdivision 50‑B of the Income Tax Assessment Act 1997 as exempt from income tax because the entity was covered by item 1.1, 1.5, 1.5A or 1.5B of the table in section 50‑5 of that Act, as in force at that time.