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TAX LAWS AMENDMENT (2012 MEASURES NO. 6) ACT 2013 - SCHEDULE 2

Deductible gift recipients

 

Income Tax Assessment Act 1997

1   Subsection   30 - 25(2) (table item   2.2.34)

Omit "1   July 2012", substitute "1   July 2015".

2   Subsection   30 - 25(2) (table item   2.2.38)

Omit "1   July 2012", substitute "1   July 2016".

3   Subsection   30 - 25(2) (at the end of the table)

Add:

2.2.41

Teach for Australia

the gift must be made after 31   December 2012

4   Subsection   30 - 80(2) (after table item   9.2.8)

Insert:

9.2.9

AE1 Inc

the gift must be made after 25   September 2011 and before 26   September 2014

5   Subsection   30 - 80(2) (table item   9.2.10)

Omit "and before 28   June 2012".

6   Subsection   30 - 80(2) (table item   9.2.24 (table item dealing with Rhodes Trust in Australia))

Omit "9.2.24", substitute "9.2.25".

Note:   This item corrects duplicated numbering.

7   Section   30 - 315 (after table item   2AAB)

Insert:

2AAC

AE1 Inc

item   9.2.9

8   Section   30 - 315 (table item   97AAA)

Omit "9.2.24", substitute "9.2.25".

Note:   This item is consequential on item   6.

9   Section   30 - 315 (after table item   114)

Insert:

114A

Teach for Australia

item   2.2.41



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