Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a * deductible gift recipient has an * ABN, the * Australian Business Registrar must enter in the * Australian Business Register in relation to the deductible gift recipient a statement that it is a deductible gift recipient for a specified period.
Note 1: An entry (or lack of entry) of a statement required by this section does not affect whether you can deduct a gift to the fund, authority or institution.
Note 2: This section will apply to all entities and government entities that are endorsed as deductible gift recipients under Subdivision 30 - BA, because they must have ABNs to be endorsed. It will also apply to other entities described or named in Subdivision 30 - A if they have ABNs.
(2) If the * deductible gift recipient is a deductible gift recipient only because it is endorsed under Subdivision 30 - BA as a deductible gift recipient for the operation of a fund, authority or institution, the statement must name the fund, authority or institution.
(2A) If:
(a) the * deductible gift recipient is:
(i) a fund, authority or institution; or
(ii) a deductible gift recipient only because it is endorsed under Subdivision 30 - BA as a deductible gift recipient for the operation of a fund, authority or institution; and
(b) the fund, authority or institution is covered by item 1, 2 or 4 of the table in section 30 - 15;
the statement must specify that the fund, authority or institution is covered by that item.
(3) The * Australian Business Registrar may remove the statement from the * Australian Business Register after the end of the period.
(4) The * Australian Business Registrar must take reasonable steps to ensure that a statement appearing in the * Australian Business Register under this section is true . For this purpose, the Registrar may:
(a) change the statement; or
(b) remove the statement from the Register if the statement is not true; or
(c) remove the statement from the Register and enter another statement in the Register under this section.