Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 3/8)
Character Range: 668739–671447

in working out the *GST inclusive market value of the right in question, disregard anything that would prevent or restrict conversion of the right to money.
 (4) If a *deductible gift recipient issues a receipt for a contribution described in item 8 of the table in section 30‑15, the deductible gift recipient must ensure that the receipt states:
 (a) the name of the deductible gift recipient; and
 (b) the *ABN (if any) of the deductible gift recipient; and
 (c) the fact that the receipt is for a contribution made by way of consideration for the supply of goods or services; and
 (d) the fact that the contribution was made because the contributor was the successful bidder at an auction that:
 (i) was a specified *fund‑raising event; or
 (ii) was held at a specified fund‑raising event; and
 (e) if the contribution is money—the amount of the contribution; and
 (f) the *GST inclusive market value, on the day the contribution was made, of the goods or services.
 (5) For the purposes of paragraph (4)(f), in working out the *GST inclusive market value of the goods or services in question, disregard anything that would prevent or restrict conversion of the goods or services to money.

30‑229  Australian Business Register must show deductibility of gifts to deductible gift recipient
 (1) If a *deductible gift recipient has an *ABN, the *Australian Business Registrar must enter in the *Australian Business Register in relation to the deductible gift recipient a statement that it is a deductible gift recipient for a specified period.
Note 1: An entry (or lack of entry) of a statement required by this section does not affect whether you can deduct a gift to the fund, authority or institution.
Note 2: This section will apply to all entities and government entities that are endorsed as deductible gift recipients under Subdivision 30‑BA, because they must have ABNs to be endorsed. It will also apply to other entities described or named in Subdivision 30‑A if they have ABNs.
 (2) If the *deductible gift recipient is a deductible gift recipient only because it is endorsed under Subdivision 30‑BA as a deductible gift recipient for the operation of a fund, authority or institution, the statement must name the fund, authority or institution.
 (2A) If:
 (a) the *deductible gift recipient is:
 (i) a fund, authority or institution; or
 (ii) a deductible gift recipient only because it is endorsed under Subdivision 30‑BA as a deductible gift recipient for the operation of a fund, authority or institution; and
 (b) the fund, authority or institution is covered by item 1, 2 or 4 of the table in section 30‑15;
the statement must specify that the fund, authority or institution is covered by