Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 63.5

  (1)   An entity may choose to apply this Division.

  (2)   However, the entity must be * registered and must be:

  (a)   an * endorsed charity or a * government school; or

  (aa)   a * gift - deductible entity that is a non - profit body; or

  (b)   a non - profit body that is exempt from income tax under any of these provisions of the * ITAA 1997:

  (i)   section   50 - 5 (charity, education and science);

  (ii)   section   50 - 10 (community service);

  (iii)   section   50 - 15 (employees and employers);

  (iv)   section   50 - 40 (primary and secondary resources, and tourism);

  (v)   item   9.1 or 9.2 of section   50 - 45 (sports, culture and recreation).