Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 30.228

  (1)   If a * deductible gift recipient issues a receipt for a gift described in the relevant item of the table in section   30 - 15 to the fund, authority or institution, the deductible gift recipient must ensure that the receipt states:

  (a)   the name of the fund, authority or institution; and

  (b)   the * ABN (if any) of the deductible gift recipient; and

  (c)   the fact that the receipt is for a gift.

Note:   If the deductible gift recipient is endorsed as a deductible gift recipient and it contravenes this section, the Commissioner may revoke its endorsement: see section   426 - 55 in Schedule   1 to the Taxation Administration Act 1953 .

  (2)   If a * deductible gift recipient issues a receipt for a contribution described in item   7 of the table in section   30 - 15, the deductible gift recipient must ensure that the receipt states:

  (a)   the name of the deductible gift recipient; and

  (b)   the * ABN (if any) of the deductible gift recipient; and

  (c)   the fact that the receipt is for a contribution made in return for a right to attend, or participate in, a specified * fund - raising event; and

  (d)   if the contribution is money--the amount of the contribution; and

  (e)   the amount of the * GST inclusive market value, on the day the contribution was made, of the right to attend, or participate in, the fund - raising event.

  (3)   For the purposes of paragraph   (2)(e), in working out the * GST inclusive market value of the right in question, disregard anything that would prevent or restrict conversion of the right to money.

  (4)   If a * deductible gift recipient issues a receipt for a contribution described in item   8 of the table in section   30 - 15, the deductible gift recipient must ensure that the receipt states:

  (a)   the name of the deductible gift recipient; and

  (b)   the * ABN (if any) of the deductible gift recipient; and

  (c)   the fact that the receipt is for a contribution made by way of consideration for the supply of goods or services; and

  (d)   the fact that the contribution was made because the contributor was the successful bidder at an auction that:

  (i)   was a specified * fund - raising event; or

  (ii)   was held at a specified fund - raising event; and

  (e)   if the contribution is money--the amount of the contribution; and

  (f)   the * GST inclusive market value, on the day the contribution was made, of the goods or services.

  (5)   For the purposes of paragraph   (4)(f), in working out the * GST inclusive market value of the goods or services in question, disregard anything that would prevent or restrict conversion of the goods or services to money.