Document ID: chunk:federal_register_of_legislation:C2025C00029:section:129:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 129 (pt 2/10)
Character Range: 728442–731275

A conservation covenant over land is a covenant that:
 (a) restricts or prohibits certain activities on the land that could degrade the environmental value of the land; and
 (b) is permanent and registered on the title to the land (if registration is possible); and
 (c) is approved in writing by, or is entered into under a program approved in writing by, the *Environment Minister.

31‑10  Requirements for fund, authority or institution
 (1) The fund, authority or institution:
 (a) must be covered by an item in any of the tables in Subdivision 30‑B and must meet any conditions set out in the relevant table item; or
 (b) must be an *ancillary fund established under a will or instrument of trust solely for:
 (i) the purpose of providing money, property or benefits to a fund, authority or institution mentioned in paragraph (a) and for any purposes set out in the item of the table in Subdivision 30‑B that covers the fund, authority or institution; or
 (ii) the establishment of such a fund, authority or institution.
 (2) If the fund, authority or institution is not listed specifically in Subdivision 30‑B, it must also:
 (a) be in Australia; and
 (b) meet the requirements of section 30‑17 (about the endorsement of deductible gift recipients).

31‑15  Valuations by the Commissioner
 (1) You must seek a valuation of the change in the *market value of the land from the Commissioner for the purposes of this Division.
 (2) The Commissioner may charge you the amount worked out in accordance with the regulations for making the valuation.

Division 32—Entertainment expenses

Table of Subdivisions
 Guide to Division 32
32‑A No deduction for entertainment expenses
32‑B Exceptions
32‑C Definitions relevant to the exceptions
32‑D In‑house dining facilities (employer expenses table item 1.2)
32‑E Anti‑avoidance
32‑F Special rules for companies and partnerships

Guide to Division 32

32‑1  What this Division is about

      You cannot deduct costs of providing entertainment. Nor can you deduct amounts for property that you use for providing entertainment. But there are exceptions.

Subdivision 32‑A—No deduction for entertainment expenses

Table of sections
32‑5 No deduction for entertainment expenses
32‑10 Meaning of entertainment
32‑15 No deduction for property used for providing entertainment

32‑5  No deduction for entertainment expenses
  To the extent that you incur a loss or outgoing in respect of providing *entertainment, you cannot deduct it under section 8‑1. However, there are exceptions, which are set out in Subdivision 32‑B.
Note 1: Under section 8‑1 you can deduct a loss or outgoing that you incur for the purpose of producing assessable income.
Note 2: If you have used your property in providing entertainment, you may not be able to deduct an amount for the property: see section 32‑15.
Note