Document ID: chunk:federal_register_of_legislation:C2010C00406:clause:2_7
Version: federal_register_of_legislation:C2010C00406
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 9441–10490

7  Subsection 30‑125(1)
Repeal the subsection, substitute:

Endorsement of an entity that is a fund, authority or institution

 (1) An entity is entitled to be endorsed as a *deductible gift recipient if:
 (a) the entity has an *ABN; and
 (b) the entity is a fund, authority or institution that:
 (i) is described (but not by name) in item 1, 2 or 4 of the table in section 30‑15; and
 (ii) is not described by name in Subdivision 30‑B if it is described in item 1 of that table; and
 (iii) meets the relevant conditions (if any) identified in the column headed "Special conditions" of the item of that table in which it is described; and
 (c) the entity meets the requirements of subsection (6), unless:
 (i) the entity is established by an Act; and
 (ii) the Act (or another Act) does not provide for the winding up or termination of the entity; and
 (d) in the case of a *private ancillary fund:
 (i) the fund complies with the rules in the *private ancillary fund guidelines; and
 (ii) all of the trustees of the fund comply with those rules.