Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_3
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 94551–96368

3                                  A political party that is registered under Part XI of the Commonwealth Electoral Act 1918.                                  A contribution of:                                                                                                                                                                     (a) if the contribution is money—the amount of the contribution; or                                                                                                                                    (a) a company cannot deduct a contribution it makes; and
                                                                                                                                                               (a) money; or                                                                                                                                                                          (b) if the contribution is property—the lesser of the market value of the property on the day you made the contribution and the amount you paid for the property.                                      (b) the value of the contribution must be $2 or more; and
                                                                                                                                                               (b) property that you purchased during the 12 months before making the contribution.                                                                                                                                                                                                                                                                                                          (c) you cannot deduct more than $100 of contributions for any one income year.