Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:3_57:p2
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 3 cl 57 (pt 2/3)
Character Range: 19526–22123

for gifts covered by those sections.

30‑249  Effect of election

 (1) In each of the income years you specified in the election, you can deduct the amount corresponding to the percentage you specified for that year.

 (2) You cannot deduct the amount that you otherwise would have been able to deduct for the gift in the income year in which you made the gift or entered into the covenant.

30‑249A  Requirements—environmental property gifts

 (1) This section applies if you make an election for a gift of property made to a fund, authority or institution covered by section 30-55.

 (2) You must give a copy of the election to the *Environment Secretary before you lodge your *income tax return for the income year in which you made the gift.

 (3) If you vary the election, you must give a copy of the variation to the *Environment Secretary before you lodge your *income tax return for the first income year to which the variation applies.

 (4) The election and any variation must be in a form approved in writing by the *Environment Secretary.

30‑249B  Requirements—heritage property gifts

 (1) This section applies if you make an election for a gift of property made to a fund, authority or institution covered by item 6 of the table in section 30-15.

 (2) You must give a copy of the election to the *Heritage Secretary before you lodge your *income tax return for the income year in which you made the gift.

 (3) If you vary the election, you must give a copy of the variation to the *Heritage Secretary before you lodge your *income tax return for the first income year to which the variation applies.

 (4) The election and any variation must be in a form approved in writing by the *Heritage Secretary.

30‑249C  Requirements—certain cultural property gifts

 (1) This section applies if you make an election for a gift covered by item 4 or 5 of the table in section 30‑15.

 (2) You must give a copy of the election to the *Arts Secretary before you lodge your *income tax return for the income year in which you made the gift.

 (3) If you vary the election, you must give a copy of the variation to the *Arts Secretary before you lodge your *income tax return for the first income year to which the variation applies.

 (4) The election and any variation must be in a form approved in writing by the *Arts Secretary.

30‑249D  Requirements—conservation covenants

 (1) This section applies if you make an election for a *conservation covenant.

 (2) You must give a copy of the election to the *Environment Secretary before you lodge your *income tax return for the income