New South Wales Repealed Regulations

This legislation has been repealed.

CHARITABLE TRUSTS REGULATION 2017 - REG 3

3 Prescribed trusts

Trusts that are entities all of whose ordinary and statutory income is exempt from income tax because of item 1.1 of section 50-5 of the Income Tax Assessment Act 1997 of the Commonwealth are prescribed as a class of trusts for the purposes of paragraph (b) of the definition of
"prescribed trust" in section 22A of the Charitable Trusts Act 1993 .

Note : An entity can only be endorsed as exempt from income tax under Subdivision 50-B of the Income Tax Assessment Act 1997 of the Commonwealth if the entity is a registered charity (that is, it is registered with the Australian Charities and Not-for-profits Commission under the Charities Act 2013 of the Commonwealth) and meets certain other requirements under the Income Tax Assessment Act 1997 of the Commonwealth.