Document ID: chunk:federal_register_of_legislation:C2010C00613:clause:7_7:p2
Version: federal_register_of_legislation:C2010C00613
Segment Type: clause
Provision Reference: sch 7 cl 7 (pt 2/2)
Character Range: 27921–33421

not purchase the property during the 12 months before making the contribution—the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event must not exceed $100; and
                                                                                                                where:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     (d) if, instead of making the contribution, you had made a gift of money to the fund, authority or institution, and:
                                                                                                                (d) the contribution is not a gift; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         the amount of the gift had been more than $2; and
                                                                                                                (e) either:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     the gift had been made for the same purpose for which funds were to be raised by the fund‑raising event;
                                                                                                                    the contribution is made in return for a right permitting you to attend, or participate in, a particular *fund‑raising event in Australia; or                                                                                                                                                                                                                                                                                                                                                                                                                          you could have deducted the gift under item 1 or 2 of this table; and
                                                                                                                    the contribution is made in return for a right permitting an individual (other than you) to attend, or participate in, a particular fund‑raising event in Australia.                                                                                                                                                                                                                                                                                                                                                                                                  (e) you must be an individual; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           (f) you cannot deduct more than 2 contributions in relation to the same fund‑raising event; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           (g) if the property is to be valued by the Commissioner—the requirements of section 30‑212 are satisfied.