New South Wales Consolidated Regulations

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184 Gifts

(1) A person making a return under section 449 (3) of the Act must disclose:
(a) a description of each gift received since the last return under Part 2 of Chapter 14 of the Act was made, and
(b) the name and address of the donor of each of the gifts.
(2) A gift need not be included in a return if:
(a) it did not exceed $500, unless it was among gifts totalling more than $500 made by the same person during a period of 12 months or less, or
(b) it was a political contribution disclosed, or required to be disclosed, under Part 6 of the Election Funding and Disclosures Act 1981 , or
(c) the donor was a relative of the donee.
(3) For the purposes of this clause, the amount of a gift other than money is an amount equal to the value of the property given.

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