Commonwealth Consolidated Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 123C

  (1)   The Commissioner must endorse an entity as a public benevolent institution if:

  (a)   the entity is entitled to be endorsed as a public benevolent institution (see subsection   (2)); and

  (b)   the entity has applied for that endorsement in accordance with Division   426 in Schedule   1 to the Taxation Administration Act 1953 .

  (2)   An entity is entitled to be endorsed as a public benevolent institution if the entity:

  (a)   is a registered public benevolent institution; and

  (b)   has an ABN; and

  (c)   is not an employer in relation to which step 2 of the method statement in subsection   5B(1E) applies.