Document ID: chunk:federal_register_of_legislation:C2012A00169:clause:2_40
Version: federal_register_of_legislation:C2012A00169
Segment Type: clause
Provision Reference: sch 2 cl 40
Character Range: 82779–83410

40  At the end of Division 50
Add:

50‑50  Charities established prior to 1 July 1997
  Disregard the use of the following amounts in determining (for the purposes of Subdivision 50‑A of the Income Tax Assessment Act 1997, as amended by Schedules 1 and 2 to the Tax Laws Amendment (Special Conditions for Not‑for‑profit Concessions) Act 2012) whether a fund established before 1 July 1997 operates and pursues its purposes in Australia:
 (a) an amount received by the entity before 1 July 1997;
 (b) an amount derived from an amount mentioned in paragraph (a) or this paragraph.

Tax Laws Amendment (2010 Measures No. 2) Act 2010