Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023 (40 of 2023)
Schedule 3 DGR registers reform
Part 4 Overseas aid
Income Tax Assessment Act 1997
17 Subsection 30-80(1) (table item 9.1.1)
Repeal the item, substitute:
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9.1.1 |
a public fund, institution or *Australian government agency whose principal purpose is delivering development or humanitarian assistance activities (or both): (a) in a country covered by section 30-85; and (b) in partnership with entities in the country, based on principles of cooperation, mutual respect and shared accountability |
the public fund, institution or Australian government agency must: (a) if it is a public fund - be operated by a *registered charity; and (b) if it is an institution - be a registered charity; and (c) if it is not a public fund - meet the requirements of section 30-130 |
if the gift is made to an institution or Australian government agency - the gift must be received by the gift fund (mentioned in section 30-130) of the institution or Australian government agency |