(cN)  the receipts and accruals of any public benefit organisation approved by the Commissioner in terms of section 30(3), to the extent that the receipts and accruals are derived –

(i)      otherwise than from any business undertaking or trading activity; or

(ii)     from any business undertaking or trading activity –

(aa)    if the undertaking or activity –

(A)    is integral and directly related to the sole or principal object of that public benefit organisation as contemplated in paragraph (b) of the definition of ‘public benefit organisation’ in section 30;

(B)     is carried out or conducted on a basis substantially the whole of which is directed towards the recovery of cost; and

(C)     does not result in unfair competition in relation to taxable entities;

(bb)   if the undertaking or activity is of an occasional nature and undertaken substantially with assistance on a voluntary basis without compensation;

(cc)    if the undertaking or activity is approved by the Minister by notice in the Gazette, having regard to –

(A)    the scope and benevolent nature of the undertaking or activity;

(B)     the direct connection and interrelationship of the undertaking or activity with the sole or principal object of the public benefit organisation;

(C)     the profitability of the undertaking or activity; and

(D)    the level of economic distortion that may be caused by the tax exempt status of the public benefit organisation carrying out the undertaking or activity; or

(dd)   other than an undertaking or activity in respect of which item (aa), (bb) or (cc) applies and do not exceed the greater of –

(i)      5 per cent of the total receipts and accruals of that public benefit organisation during the relevant year of assessment; or

(ii)     R200 000;