Income Tax Assessment Act 1997

Div 30 inserted by No 121 of 1997.

Subdiv 30-EA repealed by No 40 of 2023, s 3 and Sch 3 item 9, effective 1 January 2024. For transitional provision, see note under s 30-45(1) .

Subdiv 30-EA inserted by No 67 of 2003.

S 30-289A repealed by No 40 of 2023, s 3 and Sch 3 item 9, effective 1 January 2024. For transitional provision, see note under s 30-45(1) . S 30-289A formerly read:

SECTION 30-289A Other requirements  
No acting as a conduit

30-289A(1)
The institution must have a policy of not acting as a mere conduit for the donation of money or property to other organisations, bodies or persons.

Surplus assets to be transferred on winding up

30-289A(2)
It must have rules providing that, if the public fund is wound up, any surplus assets of the fund are to be transferred to another fund that is on the register.

Statistical information to be provided

30-289A(3)
It must have agreed to give the *Families Secretary, within a reasonable period after the end of each income year, statistical information about gifts made to the public fund during that income year.

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History

S 30-289A(3) amended by No 88 of 2009, s 3 and Sch 5 item 127, by substituting " *Families Secretary " for " Secretary of the Department of Family and Community Services " , effective 18 September 2009.

S 30-289A inserted by No 67 of 2003.