Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section sets out the only circumstances in which an entity is an exempt institution that is eligible for a refund .
Income tax exempt charities
(2) An entity is an exempt institution that is eligible for a refund if it:
(a) is covered by item 1.1 of the table in section 50 - 5; and
(b) is endorsed as exempt from income tax under Subdivision 50 - B; and
(c) satisfies the * residency requirement.
Income tax exempt deductible gift recipients
(3) An entity is an exempt institution that is eligible for a refund if it:
(a) is endorsed under paragraph 30 - 120(a); and
(b) satisfies the * residency requirement.
Income tax exempt specified deductible gift recipients
(4) An entity is an exempt institution that is eligible for a refund if:
(a) the entity's name is specified in a table in a section in Subdivision 30 - B; and
(b) it has an ABN; and
(c) it satisfies the * residency requirement.
Income tax exempt subsidiaries of the Future Fund Board
(5A) An entity is an exempt institution that is eligible for a refund if it is covered by item 5.4 of the table in section 50 - 25.
Prescribed income tax exempt entities
(6) An entity is an exempt institution that is eligible for a refund if the entity is prescribed as an exempt institution that is eligible for a refund by the regulations.
(7) This section has effect subject to sections 207 - 119 to 207 - 136.