Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p5
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 5/26)
Character Range: 1238574–1241948

*derived from, or the statutory income is from, activities relating to the Fédération Internationale de Football Association (FIFA) Women's World Cup Australia New Zealand 2023
9.5                                   FWWC2023 Pty Ltd                                                      all of the following:
                                                                                                            (a) the entity is a *wholly‑owned subsidiary of the Fédération Internationale de Football Association;
                                                                                                            (b) only amounts included as *ordinary income or *statutory income:
                                                                                                            (i) on or after 1 July 2020; and
                                                                                                            (ii) before 1 January 2029;
                                                                                                            (c) the ordinary income is *derived from, or the statutory income is from, activities relating to the Fédération Internationale de Football Association (FIFA) Women's World Cup Australia New Zealand 2023

50‑47  Special condition for all items
  An entity that:
 (a) is covered by any item; and
 (b) is an *ACNC type of entity;
is not exempt from income tax unless the entity is registered under the Australian Charities and Not‑for‑profits Commission Act 2012.

50‑50  Special conditions for item 1.1
 (1) An entity covered by item 1.1 is not exempt from income tax unless the entity:
 (a) has a physical presence in Australia and, to that extent, incurs its expenditure and pursues its objectives principally in Australia; or
 (b) is an institution that meets the description and requirements in item 1 of the table in section 30‑15; or
 (c) is a prescribed institution which is located outside Australia and is exempt from income tax in the country in which it is resident; or
 (d) is a prescribed institution that has a physical presence in Australia but which incurs its expenditure and pursues its objectives principally outside Australia;
and the entity satisfies the conditions in subsection (2).
Note 1: Certain distributions may be disregarded: see section 50‑75.
Note 2: The entity must also meet other conditions to be exempt from income tax: see section 50‑52.
 (2) The entity must:
 (a) comply with all the substantive requirements in its governing rules; and
 (b) apply its income and assets solely for the purpose for which the entity is established.

50‑52  Special condition for item 1.1
 (1) An entity covered by item 1.1 is not exempt from income tax unless the entity is endorsed as exempt from income tax under Subdivision 50‑B.
 (3) This section has effect despite all the other sections of this Subdivision.

50‑55  Special conditions for items 1.3, 1.4, 6.1 and 6.2
 (1) An entity covered by item 1.3, 1.4, 6.1 or 6.2 is not exempt from income tax unless the entity:
 (a) has a physical presence in Australia and, to that extent, incurs its expenditure and pursues its objectives principally in Australia; or
 (b) is an institution that meets the description and requirements in item 1 of the table in section 30‑15; or
 (c) is a prescribed institution which is located