Document ID: chunk:federal_register_of_legislation:C2004C01086:clause:7_1
Version: federal_register_of_legislation:C2004C01086
Segment Type: clause
Provision Reference: sch 7 cl 1
Character Range: 195585–196716

1  After subsection 30‑5(4)
Insert:

 (4AA) Subdivision 30‑BA provides for the Commissioner to endorse as a deductible gift recipient an entity that is, or operates, a fund, authority or institution. The relevance of the Subdivision to you is that generally you can deduct only a gift you make to a recipient that is endorsed or named in:
 (a) this Division; or
 (b) regulations made for the purposes of this Division.

Note: The fact that gifts to a recipient registered in the Australian Business Register are deductible will be shown in the Register.

 (4AB) Subdivision 30‑CA sets out administrative rules which do not directly affect whether you can deduct a gift you make. The rules require:
 (a) a receipt issued by an entity for a gift to the entity or to a fund, authority or institution operated by the entity to show the entity's ABN; and
 (b) the Australian Business Registrar to enter in the Australian Business Register a statement in relation to an entity entered in the Register if:
 (i) gifts to the entity are deductible; or
 (ii) gifts to a fund, authority or institution operated by the entity are deductible.