Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:3_302ch
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 3 cl 302CH
Character Range: 150396–151658

302CH  Receipts for certain gifts
 (1) This section applies in relation to an amount paid by a person as a contribution, entry fee or other payment to attend, or otherwise obtain a benefit from, a fundraising venture or function, if the amount is, or can reasonably be assumed to be, a gift:
 (a) within the meaning of paragraph 287AAB(2)(a); and
 (b) to which Subdivision AA applies.
Note: See section 302CB for gifts to which Subdivision AA applies.
 (2) The responsible person for the recipient of the gift must, as soon as practicable after receiving the gift, give the donor a receipt that specifies how much of the gift the responsible person reasonably believes forms part of the net proceeds of the venture or function.
Note: Expedited disclosure obligations may apply in relation to the gift depending on when it is made (see Subdivisions B and C of Division 4).
 (3) If the responsible person's reasonable belief changes, the responsible person must give the donor an updated receipt.
 (4) The donor is entitled to rely on a receipt given under this section for the purposes of the donor's disclosure obligations under Subdivision C of Division 4.

Subdivision AC—Civil penalty provisions relating to overall gift cap and State and Territory gift cap