INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 30 - Gifts or contributions  

Subdivision 30-DB - Spreading certain gift and covenant deductions over up to 5 income years  

Operative provisions

SECTION 30-249D   Requirements - conservation covenants  

30-249D(1)  
This section applies if you make an election for a * conservation covenant.

30-249D(2)  
You must give a copy of the election to the * Environment Secretary before you lodge your * income tax return for the income year in which you entered the covenant.

30-249D(3)  
If you vary the election, you must give a copy of the variation to the * Environment Secretary before you lodge your * income tax return for the first income year to which the variation applies.


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