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-EA - Register of harm prevention charities  

Operative provisions

SECTION 30-289A   Other requirements  

No acting as a conduit

30-289A(1)  
The institution must have a policy of not acting as a mere conduit for the donation of money or property to other organisations, bodies or persons. Surplus assets to be transferred on winding up

30-289A(2)  
It must have rules providing that, if the public fund is wound up, any surplus assets of the fund are to be transferred to another fund that is on the register. Statistical information to be provided

30-289A(3)  


It must have agreed to give the *Families Secretary, within a reasonable period after the end of each income year, statistical information about gifts made to the public fund during that income year.

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