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Q&A: Co-operatives and Non-profits denied application of mutuality principle
Published on 01 Oct 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The recent Full Federal Court case of Coleambally Irrigation Mutual Co-operative Ltd v FCT brings into question the ability of co-operatives and other non-profits that have standard winding up clauses preventing distribution to members to utilise the mutuality principle to reduce their tax liability.
Author profiles
Michael Parker CTA

Jerome Tse CTA
