Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 50.15

Employees and employers

 

Employees and employers

Item

Exempt entity

Special conditions

3.1

(a)   employee association; or

(b)   employer association

the association:

(a)   is registered or recognised under the Fair Work (Registered Organisations) Act 2009 or an * Australian law relating to the settlement of industrial disputes; and

(b)   is located in Australia, and incurs its expenditure and pursues its objectives principally in Australia; and

(c) complies with all the substantive requirements in its governing rules; and

(d) applies its income and assets solely for the purpose for which the association is established

3.2

trade union

the trade union:

(a) is located in Australia, and incurs its expenditure and pursues its objectives principally in Australia; and

(b) complies with all the substantive requirements in its governing rules; and

(c) applies its income and assets solely for the purpose for which the trade union is established



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