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-F - Register of cultural organisations  

Operative provisions

SECTION 30-300   Meaning of cultural organisation  

30-300(1)  
A cultural organisation is:


(a) a body corporate; or


(b) a trust; or


(c) an unincorporated body established for a public purpose by the Commonwealth, a State or a Territory;

that satisfies each requirement in this section.

30-300(2)  


Its principal purpose must be the promotion of literature, music, a performing art, a visual art, a craft, design, film, video, television, radio, community arts, arts of * Indigenous persons or movable cultural heritage.

30-300(3)  


It must maintain a public fund that meets the requirements of section 30-130 , or would meet those requirements if the *cultural organisation were a fund, authority or institution.

30-300(4)  
(Repealed by No 58 of 2006 )

30-300(5)  
It must not pay any of its profits or financial surplus, or give any of its property, to its members, beneficiaries, controllers or owners (as appropriate).

30-300(6)  


It must have agreed to comply with any rules that the Minister and the *Arts Minister make to ensure that gifts made to the fund are used only for its principal purpose.

30-300(7)  


It must have agreed to give the *Arts Secretary, at intervals of 6 months, statistical information about gifts made to the public fund during the last 6 months.

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