INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
[ CCH Note: The Heritage conservation rebate will be converted into a grants program from 1 July 1999 - see Div 30 of ITAA '97. The new program, announced in the 1999/2000 Federal Budget and named the Cultural Heritage Projects Program, will have a total funding cap of $3.6m for 1999/2000.
The Cultural Heritage Projects Program is a program funded for six years from 1 July 1999. The program is administered by Environment Australia and is open to private owners, legally incorporated not-for-profit organisations and local government authorities.
The program supports the conservation of places of cultural significance - historic and Indigenous heritage. Only historic or Indigenous places on the Register of the National Estate, its Interim list or State heritage registers are eligible for funding. Projects that aim to identify Indigenous Heritage places for appropriate listing or conservation planning may also be supported.]
View history note
Hide history noteA provisional certificate is in force from the time of issue until the earliest of the following happens:
(a) the taxpayer disposes of his or her interest in the property; or
(b) the taxpayer dies or, being a partnership, company or trust, is dissolved or otherwise terminated; or
(c) 24 months elapse from the date of the issue of the provisional certificate without the Minister granting an extension under subsection (2); or
(d) an extension under subsection (2) expires; or
(e) a final certificate is issued in respect of the work. 159UL(2) [Extension of period]
The Minister may, on written application by a taxpayer to whom a provisional certificate has been issued, extend the period under paragraph (1)(c) in relation to the certificate from 24 months to 27 months.
159UL(3) [Application for extension]An application for an extension must be given to the Minister before the end of the period of 23 months starting when the provisional certificate is issued.
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