Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An election under this Subdivision may be made for a gift, made on or after 1 July 2003, that is:
(a) a gift of:
(i) money; or
(ii) property valued by the Commissioner at more than $5,000;
made to a fund, authority or institution covered by item 1 or 2 of the table in section 30 - 15; or
(b) a gift that is covered by item 4, 5 or 6 of the table in section 30 - 15.
(2) An election under this Subdivision may also be made for entering into a * conservation covenant, under Division 31, on or after 1 July 2003.