Document ID: chunk:federal_register_of_legislation:C2010C00613:clause:7_7:p1
Version: federal_register_of_legislation:C2010C00613
Segment Type: clause
Provision Reference: sch 7 cl 7 (pt 1/2)
Character Range: 22459–28279

7  A *deductible gift recipient that is a fund, authority or institution covered by item 1 or 2 of this table.  A contribution of:                                                                                                                                                          (a) if the contribution is money—the amount of the contribution, reduced by the *GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event; or                                                                                                                                                                       (a) if the contribution is money—the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event must not exceed the lesser of:
                                                                                                                (a) money, if the amount is more than $250; or                                                                                                                              (b) if the contribution is property that you purchased during the 12 months before making the contribution—the lesser of:                                                                                                                                                                                                                                                                           10% of the amount of the contribution; and
                                                                                                                (b) property that you purchased during the 12 months before making the contribution, if the lesser of:                                                                        the market value of the property on the day you made the contribution; and                                                                                                                                                                                                                                                                                                                       $100; and
                                                                                                                     the market value of the property on the day you made the contribution; and                                                                                              the amount you paid for the property;                                                                                                                                                                                                                                                                                                                                                       (b) if the contribution is property that you purchased during the 12 months before making the contribution—the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event must not exceed the lesser of:
                                                                                                                     the amount you paid for the property;                                                                                                                                  reduced by the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event; or                                                                                                                                                                                                                                             10% of the lesser of the market value of the property on the day you made the contribution and the amount you paid for the property; and
                                                                                                                 is more than $250; or                                                                                                                                                      (c) if the contribution 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 contribution—the value of the property as determined by the Commissioner, reduced by the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event.       $100; and
                                                                                                                (c) property valued by the Commissioner at more than $5,000, if you did not purchase the property during the 12 months before making the contribution;                                                                                                                                                                                                                                                                                                                                                                                                                     (c) if the contribution 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 contribution—the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund‑raising event must not exceed $100; and
                                                                                                                where: