Document ID: chunk:federal_register_of_legislation:C2004C01086:clause:7_8:p1
Version: federal_register_of_legislation:C2004C01086
Segment Type: clause
Provision Reference: sch 7 cl 8 (pt 1/2)
Character Range: 214562–217384

8  After Subdivision 30‑C
Insert:

Subdivision 30‑CA—Administrative requirements relating to ABNs

Guide to Subdivision 30‑CA

30‑226  What this Subdivision is about

       An entity must ensure certain details must appear on a receipt it issues for a gift that:

                 (a) is made to the entity or a fund, authority or institution it operates; and
                 (b) is of a kind that the giver can deduct under Subdivision 30‑A.
       If the entity has an ABN, the Australian Business Registrar must state in the Australian Business Register that the entity is a deductible gift recipient.

Table of sections

Requirements

30‑227 Entities to which this Subdivision applies
30‑228 Content of receipt for gift
30‑229 Australian Business Register must show deductibility of gifts to deductible gift recipient

[This is the end of the Guide.]

Requirements

30‑227  Entities to which this Subdivision applies

 (1) This Subdivision sets out requirements relating to a *deductible gift recipient.

 (2) A deductible gift recipient is an entity or *government entity that:
 (a) is a fund, authority or institution described in item 1, 2, 4, 5 or 6 of the table in section 30‑15 and is:
 (i) endorsed under Subdivision 30‑BA as a deductible gift recipient; or
 (ii) mentioned by name in that table or in Subdivision 30‑B; or
 (iii) a *prescribed private fund; or
 (b) is endorsed as a deductible gift recipient for the operation of a fund, authority or institution described in item 1, 2 or 4 of the table in section 30‑15.

30‑228  Content of receipt for gift

  If a *deductible gift recipient issues a receipt for a gift described in the relevant item of the table in section 30‑15 to the fund, authority or institution, the deductible gift recipient must ensure that the receipt states:
 (a) the name of the fund, authority or institution; and
 (b) the *ABN (if any) of the deductible gift recipient; and
 (c) the fact that the receipt is for a gift.

Note: If the deductible gift recipient is endorsed as a deductible gift recipient and it contravenes this section, the Commissioner may revoke its endorsement: see section 30‑170.

30‑229  Australian Business Register must show deductibility of gifts to deductible gift recipient

 (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,