Document ID: chunk:federal_register_of_legislation:C2025C00029:section:1:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 1 (pt 1/2)
Character Range: 489384–495855

1                                  A fund, authority or institution covered by an item in any of the tables in Subdivision 30‑B.                               A gift of:                                                                                                                                                                                                           (a) if the gift is money—the amount you are giving; or                                                                                                                                                                                                                                                                                                                                             (a) the fund, authority or institution must be in Australia; and
                                                                                                                                                               (a) money; or                                                                                                                                                                                                        (b) if the gift is property (except trading stock covered by paragraph (c), property covered by paragraph (d) or shares covered by paragraph (e))—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                                                                                                                         (aa) the fund, authority or institution must either meet the requirements of section 30‑17 or be mentioned by name in the relevant table item 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:                                                                                                                                                                                                                                                                                                                                                  (b) the value of the gift must be $2 or more; and
                                                                                                                                                               (c) an item of your trading stock if:                                                                                                                                                                                 that you disposed of outside the ordinary course of your business; and                                                                                                                                                                                                                                                                                                                           (c) any conditions set out in the relevant table item in Subdivision 30‑B must be satisfied; and
                                                                                                                                                                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;                                                                                                                                                                                                                                                                                                (d) if the property is to be valued by the Commissioner—the requirements of section 30‑212 are satisfied.
                                                                                                                                                                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); or                              the market value of the item on the day you made the gift; or
                                                                                                                                                               (d) property valued by the Commissioner at more than $5,000; or
                                                                                                                                                               (e) *shares that you have acquired in a *listed public company if:                                                                                                                                                   (d) if the gift is property valued by the Commissioner at more than $5,000 and you did not purchase the property during the 12 months before making the gift—the value of the property as determined by the Commissioner; or
                                                                                                                                                                the shares are listed for quotation in the official list of a stock exchange that is listed under the heading "Australia" in regulations made for the purposes of the definition of *approved stock exchange; and  (e) if the gift is shares described in paragraph (e) of the previous column—the market value of the shares on the day you made the gift.
                                                                                                                                                                the *market value of the shares on the day you made the gift is $5,000 or less; and
                                                                                                                                                                you acquire the shares at