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  

International affairs

SECTION 30-85   Developing country relief funds  

30-85(1)  
You can deduct a gift that you make to a public fund covered by item 9.1.1 of the table in subsection 30-80(1) only if the declaration is in force at the time you make the gift.

30-85(2)  


The Minister may, by notice in the Gazette , declare a public fund to be a developing country relief fund if he or she is satisfied that the fund:


(a) has been established by an organisation declared by the *Foreign Affairs Minister to be an approved organisation; and


(b) is solely for the relief of people in a country declared by the Foreign Affairs Minister to be a developing country.

30-85(3)  
The notice must specify the day on which it has effect. It cannot have effect earlier than the day on which it is published in the Gazette .

30-85(4)  


The Minister may, by notice in the Gazette , revoke a declaration that a public fund is a developing country relief fund. The notice must specify the day on which it has effect. It cannot have effect earlier than the day on which it is published in the Gazette .

30-85(5)  


A declaration by the *Foreign Affairs Minister under this section must be in writing, signed by the Foreign Affairs Minister.

View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.