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Comments on Draft Taxation Determination TD98/D16

Published on 01 Nov 98 by THE TAX INSTITUTE

For completeness, reference should be made to s.50-70 of ITAA 97 generally, and the fact that exemption is generally available where the society, association or club is not carried on for the purpose of profit making or gain of individual members and has a physical presence in Australia; or is referred in a table in sub-division 30-(gifts); or is prescribed, located outside Australia and exempt from income tax in the country in which it is resident.

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AUSTRALIAN TAXPAYERS ASSOCIATION

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INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA

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TAXATION INSTITUTE OF AUSTRALIA

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AUSTRALIAN SOCIETY OF CERTIFIED PRACTISING ACCOUNTANTS

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