Section CW 46 — Income Tax Act 2007: Bodies promoting amateur games and sports

CW 46 Bodies promoting amateur games and sports An amount of income derived by a club, society, or association is exempt income if— (a) the club, society, or association is established mainly to promote an amateur game or sport; and (b) the game or sport is conducted for the recreation or entertainment of the general public; and (c) no part of the funds of the club, society, or association is used or is available to be used for the private pecuniary profit of a member, proprietor, shareholder, or associate of any of them. Defined in this Act: amount , associated person , exempt income , income , Compare: 2004 No 35 s CW 39