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-B - Tables of recipients for deductible gifts  

Education

SECTION 30-35   Rural schools hostel buildings  

30-35(1)  


For the purposes of item 2.1.11 of the table in subsection 30-25(1) , a rural school hostel building is one to which this section applies if it meets the conditions in subsections (2), (3) and (4).

30-35(2)  
The rural school hostel building must be used, or going to be used, principally as residential accommodation for students:


(a) whose usual place of residence is in a rural area; and


(b) who are undertaking primary or secondary education, or special education programs for children with disabilities, at a school in the same area as the building.

30-35(3)  
The costs of the school must be solely or partly funded by the Commonwealth, a State or a Territory.

30-35(4)  
The residential accommodation must be provided by:


(a) the Commonwealth, a State or a Territory; or


(b) a public authority; or


(c) a company that:


(i) is not carried on for the purposes of profit or gain to its individual members; and

(ii) is prohibited by its * constitution from making any distribution of money or property to its members.

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