Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 30.247

Gifts and covenants for which elections can be made

  (1)   An election under this Subdivision may be made for a gift, made on or after 1   July 2003, that is:

  (a)   a gift of:

  (i)   money; or

  (ii)   property valued by the Commissioner at more than $5,000;

    made to a fund, authority or institution covered by item   1 or 2 of the table in section   30 - 15; or

  (b)   a gift that is covered by item   4, 5 or 6 of the table in section   30 - 15.

  (2)   An election under this Subdivision may also be made for entering into a * conservation covenant, under Division   31, on or after 1   July 2003.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback