A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 7   Endorsement of deductible gift recipients

Income Tax Assessment Act 1997

9   After subsection 30-230(2)

Insert:

(2A) When you die, one of the following requirements must be met:

(a) the recipient must be endorsed under Subdivision 30-BA as a deductible gift recipient;

(b) there must be an entity endorsed under Subdivision 30-BA as a *deductible gift recipient for the operation of the recipient institution.

This subsection does not apply if the recipient is The Australiana Fund.