Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 4/8)
Character Range: 671226–674049

of a fund, authority or institution; and
 (b) the fund, authority or institution is covered by item 1, 2 or 4 of the table in section 30‑15;
the statement must specify that the fund, authority or institution is covered by that item.
 (3) The *Australian Business Registrar may remove the statement from the *Australian Business Register after the end of the period.
 (4) The *Australian Business Registrar must take reasonable steps to ensure that a statement appearing in the *Australian Business Register under this section is true. For this purpose, the Registrar may:
 (a) change the statement; or
 (b) remove the statement from the Register if the statement is not true; or
 (c) remove the statement from the Register and enter another statement in the Register under this section.

Subdivision 30‑DA—Donations to political parties and independent candidates and members

Guide to Subdivision 30‑DA

30‑241  What this Subdivision is about

      Generally, you can deduct certain contributions and gifts to political parties, independent candidates and members.
      Contributions and gifts must be at least $2 and there is a limit on the total amount that you can deduct.

Table of sections

Operative provisions
30‑242 Deduction for political contributions and gifts
30‑243 Amount of the deduction
30‑244 When an individual is an independent candidate
30‑245 When an individual is an independent member

Operative provisions

30‑242  Deduction for political contributions and gifts
 (1) You can deduct any of the following for the income year in which they are made:
 (a) a contribution or gift to a political party that is registered under Part XI of the Commonwealth Electoral Act 1918 or under corresponding State or Territory legislation;
 (b) a contribution or gift to an individual when the individual is an *independent candidate for a Commonwealth, State, Northern Territory or Australian Capital Territory election;
 (c) a contribution or gift to an individual who is, or was, an *independent member of the Commonwealth Parliament, a State Parliament, the Legislative Assembly of the Northern Territory or the Legislative Assembly for the Australian Capital Territory.
 (2) The contribution or gift must be of:
 (a) money; or
 (b) property that you purchased during the 12 months before making the contribution or gift.
 (3) The value of the contribution or gift must be at least $2.
 (3A) You can deduct the contribution or gift only if:
 (a) you are an individual; and
 (b) you do not make the gift or contribution in the course of carrying on a *business.
 (4) You cannot deduct a testamentary contribution or gift under this Subdivision.
 (5) A contribution or gift to an individual who is, or was, an *independent member must be made:
 (a) when the individual is an independent member; or
 (b) if the