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TAX LAWS AMENDMENT (2010 MEASURES NO. 2) ACT 2010 - SCHEDULE 4

Deductible gift recipients

 

Income Tax Assessment Act 1997

1   Subsection 30 - 25(2) (table item   2.2.34, column headed "Special conditions")

Omit "1   July 2009", substitute "1   July 2012".

2   Subsection 30 - 80(2) (at the end of the table)

Add:

9.2.22

Sichuan Earthquake Surviving Children's Education Fund

the gift must be made after 11   May 2008 and before 1 3   May 20 10

9.2.23

Bali Peace Park Association Inc

the gift must be:

(a) made after 15   December 2009 and before 17   December 2011; and

(b) used for the purpose of establishing the Bali Peace Park

3   Subsection 30 - 315(2) (after table item   27)

Insert:

27AAA

Bali Peace Park Association Inc

item   9.2.23

4   Subsection 30 - 315(2) (after table item   109)

Insert:

110

Sichuan Earthquake Surviving Children's Education Fund

item   9.2.22

5   Application provision

The amendments made by this Schedule apply to assessments for :

  (a)   the 2007 - 08 income year ; and

  (b)   later income years.




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