Court Decisions
Charitable institutions
05.12.2008
The High Court by a 4:1 majority has affirmed the decision of the Full Federal Court that a company limited by a guarantee which carried on businesses and distributed its funds to support Christian activities (Bible translation and missionary work) carried out by another entity (which was endorsed as an income tax exempt charity) was entitled to be endorsed as an exempt charitable institution for income tax purposes (FCT v Word Investments Ltd [2008] HCA 55).
