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 legislative instrument, 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 that:


(i) is included in the list of official development assistance recipients published from time to time by the Organisation for Economic Co-operation and Development ' s Development Assistance Committee; or

(ii) is declared by the Foreign Affairs Minister to be a developing country.
Note:

In 2019, the list of official development assistance recipients was available on the OECD ' s website (http://www.oecd.org).

30-85(3)  
A declaration made by the Minister under subsection (2) must not take effect earlier than the day after it is registered on the Federal Register of Legislation under the Legislation Act 2003 .

30-85(4)  


The Minister may, by legislative instrument, revoke a declaration made by the Minister under subsection (2). The revocation must not take effect earlier than the day after the instrument is registered on the Federal Register of Legislation under the Legislation Act 2003 .

30-85(5)  


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

 

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