Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 157.10

             (1)  Paragraphs 29-50(1)(a) and (ab) and subsection 29-50(3) do not apply in relation to any charitable institution, any trustee of a charitable fund, any * gift-deductible entity or any * government school.

             (2)  This section does not apply in relation to a charitable institution or a trustee of a charitable fund unless the institution or trustee is an * endorsed charitable institution or an * endorsed trustee of a charitable fund.

Example:    This section does not apply in relation to an entity that is both a charitable institution and a gift-deductible entity unless the entity is an endorsed charitable institution.

             (3)  This section does not apply in relation to a * gift-deductible entity endorsed as a deductible gift recipient (within the meaning of the * ITAA 1997) under section 30-120 of the ITAA 1997, unless the entity is:

                     (a)  a charitable institution or a trustee of a charitable fund; or

                     (b)  a * government school; or

                     (c)  a fund, authority or institution of a kind referred to in paragraph 30-125(1)(b) of the ITAA 1997.

Note:          This subsection excludes from this section certain (but not all) gift-deductible entities that are only endorsed for the operation of a fund, authority or institution.