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Really. Any examples of it already being done?

http://www.acnc.gov.au/ACNC/FTS/Fact_RelChar.aspx That's a good read to. By the looks of it you can be classed as a Charity under the condition that it's for religious advancement. So it seems that as long as my religion of BS is trying to spread the "word" then I'll be fine :)

http://finance.ninemsn.com.au/newsbusiness/8819551/sydney-churchs-1-2b-wealth-revealed I'm wondering, is it possible for me to start up my own religion and classify the rental payments from my tenants as a tithe so that I don't have to pay tax? I would name my religion the Brotherhood...