Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_2
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 91572–94551

2                                  A public fund established and maintained under a will or instrument of trust solely for:                                    A gift of:                                                                                                                                                                             (a) if the gift is money—the amount you are giving; or                                                                                                                                                 (a) the value of the gift must be $2 or more; and
                                   (a) the purpose of providing money, property or benefits:                                                                   (a) money; or                                                                                                                                                                          (b) if the gift is property (except *trading stock covered by paragraph (c))—the lesser of the market value of the property on the day you made the gift and the amount you paid for the property; or  (b) the terms of the will or trust must allow the trustee to invest money that the fund receives because of the gift only in a way that an *Australian law allows trustees to invest trust money.
                                    to a fund, authority or institution covered by an item in any of the tables in Subdivision 30-B; and                      (b) property (including *trading stock) that you purchased during the 12 months before making the gift; or                                                                             (c) if the gift is an item of your *trading stock:
                                    for any purposes set out in the item; or                                                                                  (c) an item of your *trading stock if:                                                                                                                                                  that you disposed of outside the ordinary course of your *business; and
                                   (b) the establishment of such a fund, authority or institution.                                                              the gift is a disposal of the item outside the ordinary course of your *business; and                                                                                                 for which no election has been made, or is made, in relation to the item under Subdivision 385-E;
                                                                                                                                                                no election has been made, or is made, in relation to the item under Subdivision 385-E (about electing to spread or defer profit from the forced disposal or death of *live stock).   the market value of the item on the day you made the gift.