Document ID: chunk:federal_register_of_legislation:C2007A00055:clause:3_4
Version: federal_register_of_legislation:C2007A00055
Segment Type: clause
Provision Reference: sch 3 cl 4
Character Range: 51555–52412

4  Subsection 30‑125(6)
Repeal the subsection, substitute:

 (6) A law (outside this Subdivision), a document constituting the entity or rules governing the entity's activities must require the entity, at the first occurrence of an event described in subsection (7), to transfer to a fund, authority or institution gifts to which can be deducted under this Division:
 (a) any surplus assets of the gift fund (see section 30‑130); or
 (b) if the entity is not required by this section to meet the requirements of section 30‑130—any surplus:
 (i) gifts of money or property for the principal purpose of the fund, authority or institution; and
 (ii) contributions described in item 7 or 8 of the table in section 30‑15 in relation to a *fund‑raising event held for that purpose; and
 (iii) money received by the entity because of such gifts or contributions.