Income Tax Assessment Act 1997 (Cth) - Level 5

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An Act to consolidate and amend the law relating to the imposition assessment and collection of a tax upon incomes.

Under DIVISION 50 of the Income Tax Assessment Act 1997 the UNIVERSITY , as a "PUBLIC EDUCATIONAL INSTITUTION" is exempt from tax on its ordinary income and statutory income.

UNE Foundation , UNE Life Limited, and UNE Partnerships Pty Ltd are all exempt as a "registered charity".

Even if an exempt entity, the Commissioner can still require you to lodge an income tax return or information under section 161 of the Income Tax Assessment Act 1936.

Relevant Compliance Frameworks

Legislation, Standards and Codes may be linked to one or more of the University's compliance frameworks either as the driver of the requirements, or as a component of the framework.

The relevant frameworks are listed below.