Document ID: chunk:federal_register_of_legislation:F2022C00026:reg:8:p3
Version: federal_register_of_legislation:F2022C00026
Segment Type: reg
Provision Reference: reg 8 (pt 3/3)
Character Range: 26031–28093

or a Table B provider—subsection 9‑17(3) of the GST Act is to be disregarded in its application to a payment covered by an appropriation under the Higher Education Support Act 2003 or the Australian Research Council Act 2001;
 (f) for an entity that is a deductible gift recipient—each gift described in an applicable item of the table in section 30‑15 of the Income Tax Assessment Act 1997 and received, or likely to be received, by the entity in the period (other than from an associate) results in the following treatment:
 (i) the entity is treated as making, or as likely to make (as the case requires), a supply in the period for consideration;
 (ii) the value (within the meaning of the GST Act) of the supply is treated as being equal to the amount of the gift (if the gift is money) or the market value of the gift (if the gift is not money);
 (g) for an entity that is an ACNC‑registered charity (other than a deductible gift recipient)—each gift received, or likely to be received, by the entity in the period (other than from an associate) also results in the treatment set out in paragraph (f) if the gift is:
 (i) a gift of money; or
 (ii) a gift of property with a market value of more than $5,000; or
 (iii) a gift of listed Australian shares;
 (h) for an entity that is an ACNC‑registered charity (other than a Table A provider, a Table B provider, or a school)—a supply made by the entity is to be disregarded, if:
 (i) the consideration for the supply is provided by an Australian government agency, a local governing body, the United Nations, or an agency of the United Nations; and
 (ii) the ACNC‑registered charity elects, in accordance with subsection (9), for this paragraph to apply.
 (9) The election referred to in subparagraph (8)(h)(ii) must be:
 (a) in the approved form; and
 (b) given to the Commissioner within 7 days of notifying the Commissioner of the entity's election to participate in the jobkeeper scheme (see paragraph 6(1)(e) and 12A(1)(f)), or such later time as the Commissioner allows.
The election cannot be revoked.