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of <h1>Clause 355 expands nonprofit definitions and related-person reach, clarifies residual income and 'wholly for charitable or religious purposes'</h1> Clause 355 supplies definitions governing registered non-profit organisations, widening related-person scope, clarifying 'residual income' as income computed before applying this Part, and adding an express definition of 'wholly for charitable or religious purposes.' Key changes from the Bill include expanding related-person linkage to relatives' concerns, specifying maternal/paternal lineal relatives, shifting a specified-asset dissolution cross-reference (section 352(5) to 352(4)), and minor drafting tweaks (e.g., 'may be prescribed'). Practical effects include broader related-party reach, clearer residual-income computation, and heightened record-keeping for donor thresholds, assets and substantial-interest tests.
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