Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)

Schedule 3   Deductible gift recipient status for community sheds

Income Tax Assessment Act 1997

3   Subsection 995-1(1)

Insert:

community shed means a public institution that satisfies all of the following requirements:

(a) the institution's dominant purposes are advancing mental health and preventing or relieving social isolation;

(b) the institution seeks to achieve those purposes principally by providing a physical location where it supports individuals to undertake activities, or work on projects, in the company of others;

(c) either:

(i) there are no particular criteria for membership of the institution; or

(ii) the criteria for membership of the institution relate only to an individual's gender or Indigenous status (in that membership is, for cultural reasons, open only to *Indigenous persons) or both.