Clause 3 - Amendment of section 2

Charitable purpose threshold exempting small scale fee receipts from non charitable exclusion, with retrospective effect.

Amendment creates a de minimis exception to the proviso excluding certain fee based activities from the charitable purpose definition where aggregate receipts from those activities do not exceed a small scale threshold in the previous year, with retrospective effect to the start of the relevant year; additionally, a consequential amendment adds a cross reference so amounts covered by a new valuation clause are included within the definition of income, with effect from the notified commencement date.