Document ID: chunk:federal_register_of_legislation:C2025C00029:section:7:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 7 (pt 2/3)
Character Range: 519806–531995

exchange; and  (ca) if the contribution is shares described in paragraph (ca) of the previous column—the market value of the shares on the day you made 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.                                                                                      20% 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
                                                                                                                                                                the market value of the shares on the day you made the contribution is more than $150 and less than or equal to $5,000; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            $150; and
                                                                                                                                                                you acquire the shares at least 12 months before making the contribution;
                                                                                                                                                               where:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (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 $150; and
                                                                                                                                                               (d) the contribution is not a gift; and
                                                                                                                                                               (e) either:
                                                                                                                                                                the contribution is made in return for a right permitting you to attend, or participate in, a particular *fund‑raising event in Australia; or
                                                                                                                                                                the contribution is made in return for a right permitting an individual (other than you) to attend, or participate in, a particular fund‑raising event in Australia.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (ca) if the contribution is shares described in paragraph (ca) of the column headed "Type of gift or 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:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        20% of the market value of the shares on the day you made the contribution; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        $150; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (d) if, instead of making the contribution, you had made a gift of money to the fund, authority or institution, and:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        the amount of the gift had been more than $2; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        the gift had been made for the same purpose for which funds were to be raised by the fund‑raising event;
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        you could have deducted the gift under item 1 or 2 of this table; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (e) you must be an individual; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (f) you cannot deduct more than 2 contributions in relation to the same fund‑raising event; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (g) if the property is to be valued by the Commissioner—the requirements of section 30‑212 are satisfied.