Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 25.60

  (1)   You can deduct expenditure you incur in contesting an election for membership of:

  (a)   the Parliament of the Commonwealth; or

  (b)   the Parliament of a State; or

  (c)   the Legislative Assembly for the Australian Capital Territory; or

  (d)   the Legislative Assembly of the Northern Territory of Australia.

Note 1:   Entertainment expenses are excluded: see section   25 - 70.

Note 2:   If you receive an amount as recoupment of the expenditure, the amount may be included in your assessable income: see Subdivision   20 - A.