Document ID: chunk:federal_register_of_legislation:C2004A00901:clause:7_5:p2
Version: federal_register_of_legislation:C2004A00901
Segment Type: clause
Provision Reference: sch 7 cl 5 (pt 2/2)
Character Range: 49163–50524

approved in writing by, or is entered into under a program approved in writing by, the Minister for the Environment and Heritage.

31‑10  Requirements for fund, authority or institution

 (1) The fund, authority or institution:
 (a) must be covered by an item in any of the tables in Subdivision 30‑B and must meet any conditions set out in the relevant table item; or
 (b) must be a public fund, or a *prescribed private fund, established under a will or instrument of trust solely for:
 (i) the purpose of providing money, property or benefits to a fund, authority or institution mentioned in paragraph (a) and for any purposes set out in the item of the table in Subdivision 30‑B that covers the fund, authority or institution; or
 (ii) the establishment of such a fund, authority or institution.

 (2) If the fund, authority or institution is not listed specifically in Subdivision 30‑B, it must also:
 (a) be in Australia; and
 (b) meet the requirements of section 30‑17 (about the endorsement of deductible gift recipients) or be a *prescribed private fund.

31‑15  Valuations by the Commissioner

 (1) You must seek a valuation of the change in the *market value of the land from the Commissioner for the purposes of this Division.

 (2) The Commissioner may charge you the amount worked out in accordance with the regulations for making the valuation.