Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023 (40 of 2023)
Schedule 3 DGR registers reform
Part 1 Environmental organisations
Income Tax Assessment Act 1997
1 Subsection 30-55(1) (table)
Repeal the table, substitute:
|
The environment - General |
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|---|---|---|---|
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Item |
Fund, authority or institution |
Special conditions - fund, authority or institution |
Special conditions - gift |
|
6.1.1 |
an institution or *Australian government agency whose principal purpose is: (a) the protection and enhancement of the natural environment or of a significant aspect of the natural environment; or (b) the provision of information or education, or the carrying on of research, about the natural environment or a significant aspect of the natural environment |
the institution or Australian government agency must: (a) if it is not an Australian government agency - be a *registered charity; and (b) meet the requirements of section 30-130; and (c) have a policy of not acting as a mere conduit for the donation of money or property to other organisations, bodies or persons |
the gift must be received by the gift fund (mentioned in section 30-130) of the institution or Australian government agency |
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