Notes

In what is assumed to have been a drafting error, a second version of s. 508A was inserted into ICTA 1988 several years after the repeal of the original version of s. 508A. Purely for the purposes of distinguishing electronically the two versions of s. 508A, Croner-i have added a hyphen to the numbering of this later version.


508A-(1)  Subsection (2) applies in a case where members of a qualifying contemplative religious community transfer all their income and assets, or covenant all their income, to the community (“the independent community”) (and for this purpose it is irrelevant whether or not the community is part of an order or religious institution).

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