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).