1 Name of Regulation
This Regulation is the Charitable Trusts Regulation 2017.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
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.