Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This section applies if an approved participant is an endorsed charitable institution.
(2) The approved participant may elect to receive the incentive to which the approved participant is entitled for NRAS years as a tax offset certificate rather than as a payment.
(3) Unless it is withdrawn, an election applies for the purposes of all following NRAS years.
(4) However, an election has no effect in relation to a particular NRAS year unless it is made before the end of 31 December in that NRAS year.
Notice if ceases to be an endorsed charitable institution
(5) If the approved participant ceases to be an endorsed charitable institution, the approved participant must, within 28 days, notify the Secretary of the cessation.