Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 31.10

  (1)   The fund, authority or institution:

  (a)   must be covered by an item in any of the tables in Subdivision   30 - B and must meet any conditions set out in the relevant table item; or

  (b)   must be an * ancillary fund established under a will or instrument of trust solely for:

  (i)   the purpose of providing money, property or benefits to a fund, authority or institution mentioned in paragraph   (a) and for any purposes set out in the item of the table in Subdivision   30 - B that covers the fund, authority or institution; or

  (ii)   the establishment of such a fund, authority or institution.

  (2)   If the fund, authority or institution is not listed specifically in Subdivision   30 - B, it must also:

  (a)   be in Australia; and

  (b)   meet the requirements of section   30 - 17 (about the endorsement of deductible gift recipients).