Document ID: chunk:federal_register_of_legislation:C2025C00029:section:6:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 6 (pt 3/16)
Character Range: 364168–366851

25‑50  Payments of pensions, gratuities or retiring allowances
 (1) You can deduct a payment of a pension, gratuity or retiring allowance that you make to:
 (a) an employee; or
 (b) a former employee; or
 (c) a dependant of an employee or a former employee.
 (2) However, you can deduct it only to the extent that it is made in good faith in consideration of the past services of the employee, or former employee, in any *business that you carried on for the purpose of gaining or producing assessable income.
 (3) You cannot deduct a payment under this section if you can deduct it under any other provision of this Act.

25‑55  Payments to associations
 (1) You can deduct a payment you make for membership of a trade, business or professional association.
Note: Alternatively, you can deduct the expense under section 8‑1 (which is about general deductions) if you satisfy the requirements of that section.

Maximum amount—$42
 (2) However, $42 is the maximum amount you can deduct under this section for the payments that you make in the income year to any one association.

If you deduct under section 8‑1
 (3) If you deduct a payment under section 8‑1 (which is about general deductions) instead of this section:
 (a) the payment does not count towards the $42 limit; and
 (b) the amount that you can deduct for the payment is not limited to $42.

25‑60  Parliament election expenses
 (1) You can deduct expenditure you incur in contesting an election for membership of:
 (a) the Parliament of the Commonwealth; or
 (b) the Parliament of a State; or
 (c) the Legislative Assembly for the Australian Capital Territory; or
 (d) the Legislative Assembly of the Northern Territory of Australia.
Note 1: Entertainment expenses are excluded: see section 25‑70.
Note 2: If you receive an amount as recoupment of the expenditure, the amount may be included in your assessable income: see Subdivision 20‑A.

25‑65  Local government election expenses
 (1) You can deduct expenditure you incur in contesting an election for membership of a *local governing body, but you cannot deduct more than $1,000 per election. You deduct the expenditure for the income year in which you incur it.
 (2) However, you can deduct more than the $1,000 limit if:
 (a) you have received an amount as *recoupment of the expenditure; and
 (b) some or all of that amount is included in your assessable income for an income year; and
 (c) the total of your deductions for the election would be less than the $1,000 limit if you disregarded so much (the assessed recoupment) of the expenditure as equals the amount so included in your assessable income.
In that case:
 (d) the assessed recoupment is disregarded