Income Tax Assessment Act 1997
View history note
Hide history noteThis section sets out requirements to be met for you to be able to deduct a gift you make to a fund, authority or institution described in the column headed " Recipient " of item 1, 2 or 4 of the table in section 30-15 . However, this section does not apply to:
(a) a fund, authority or institution that is mentioned by name in an item of a table in Subdivision 30-B ; or
(b) (Repealed by No 88 of 2009)
(c) the Australiana Fund.
30-17(2)
The fund, authority or institution must:
(a) be an entity or * government entity that is endorsed under Subdivision 30-BA as a * deductible gift recipient; or
(b) in the case of a fund - either:
(i) be owned legally by an entity that is endorsed under Subdivision 30-BA as a * deductible gift recipient for the operation of the fund; or
(ii) be under the control of one or more persons who constitute a * government entity that is endorsed under Subdivision 30-BA as a * deductible gift recipient for the operation of the fund; or
(c) in the case of an authority or institution - be part of an entity or * government entity that is endorsed under Subdivision 30-BA as a * deductible gift recipient for the operation of the authority or institution.
Example:
A public fund that is established and maintained for constructing a building to be used by a State school and is controlled by the principal of the school would be an example of a fund under the control of one or more persons who constitute a government entity that is endorsed as a deductible gift recipient for the operation of the fund, if the school were so endorsed.
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