Commercial Investments and Activities of Religious Bodies and Other Charities - A Permissible Means of Spreading The Word?

14 December 2007

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In the recent case of Commissioner of Taxation v Word Investments Ltd [2007] FCAFC 171, the Full Federal Court of Australia ruled that a company established to make and distribute commercial profits to charitable institutions could also be recognised as a charitable institution in its own right under Division 50 of the Income Tax Assessment Act 1997 (ITA Act 1997).

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