INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
[ CCH Note: The Heritage conservation rebate will be converted into a grants program from 1 July 1999 - see Div 30 of ITAA '97. The new program, announced in the 1999/2000 Federal Budget and named the Cultural Heritage Projects Program, will have a total funding cap of $3.6m for 1999/2000.
The Cultural Heritage Projects Program is a program funded for six years from 1 July 1999. The program is administered by Environment Australia and is open to private owners, legally incorporated not-for-profit organisations and local government authorities.
The program supports the conservation of places of cultural significance - historic and Indigenous heritage. Only historic or Indigenous places on the Register of the National Estate, its Interim list or State heritage registers are eligible for funding. Projects that aim to identify Indigenous Heritage places for appropriate listing or conservation planning may also be supported.]
If the Minister is satisfied that the requirements of section 159UM are satisfied in relation to a provisional certificate, the Minister must issue the taxpayer with a final certificate:
(a) stating the taxpayer's name; and
(b) specifying an amount, being so much of the amount specified by the taxpayer under paragraph 159UM(2)(b) as does not exceed the qualifying expenditure limit in the provisional certificate, as the eligible heritage conservation works expenditure in respect of the heritage conservation works. 159UO(2) [Referral to issue final certificate]
If the Minister is not satisfied that the requirements of section 159UM are satisfied in relation to a provisional certificate, the Minister must notify the taxpayer, in writing, that the Minister refuses to issue the final certificate.