Tax Laws Amendment (Political Contributions and Gifts) Act 2010 (16 of 2010)

Schedule 1   Political contributions and gifts

Income Tax Assessment Act 1997

10   After subsection 30-242(3)

Insert:

(3A) You can deduct the contribution or gift only if:

(a) you are an individual; and

(b) you donot make the gift or contribution in the course of*carrying on a*business.