Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 25.55

Payments to associations

  (1)   You can deduct a payment you make for membership of a trade, business or professional association.

Note:   Alternatively, you can deduct the expense under section   8 - 1 (which is about general deductions) if you satisfy the requirements of that section.

Maximum amount--$42

  (2)   However, $42 is the maximum amount you can deduct under this section for the payments that you make in the income year to any one association.

If you deduct under section   8 - 1

  (3)   If you deduct a payment under section   8 - 1 (which is about general deductions) instead of this section:

  (a)   the payment does not count towards the $42 limit; and

  (b)   the amount that you can deduct for the payment is not limited to $42.



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