Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1997 No. 147 of 1997 - SCHEDULE 15

Schedule 15-Deductions for gifts
Part 1-Amendment of the Income Tax Assessment Act 1936 1 Subsection 78(3)
(before the index entry relating to Academies- professional)
Insert:
  AAP Mawson's Huts Foundation Limited    (4)-Table 6, item 6.2.23
2 Subsection 78(3) (after the index entry relating to Art galleries)
Insert:

Australia Foundation for Culture and the Humanities Ltd.

(4) -Table 12, item 12.2.2 3 Subsection 78(3) (after the index entry relating
to Australian Ireland Fund)
Insert:

Australian National Korean War Memorial Trust Fund

(4) -Table 5, item 5.2.10 4 Subsection 78(4) (at the end of Table 5)
Add:
  5.2.10    Australian National Korean War Memorial Trust Fund

the gift must be made after 1 September 1996 and
before 2 September 1998 5 Subsection 78(4) (at the end of Table 6)
Add:
  6.2.23    AAP Mawson's Huts Foundation Limited

the gift must be made after 17 March 1997 6 Subsection 78(4) (at the end of
Table 12)
Add:
  12.2.2    Australia Foundation for Culture and the Humanities

Ltd.
the gift must be made after 8 November 1996
Part 2-Amendment of the Income Tax Assessment Act 1997 7 Subsection 30-50(2)
(at the end of the table)
Add:
  5.2.6     Australian National Korean War Memorial Trust Fund

the gift must be made before 2 September 1998 8 Subsection 30-55(2) (at the
end of the table)
Add:
  6.2.23    AAP Mawson's Huts Foundation Limited

the gift must be made after 17 March 1997 9 Subsection 30-100(2) (at the end
of the table)
Add:
  12.2.2    Australia Foundation for Culture and the Humanities

Ltd.
the gift must be made after 8 November 1996 10 Subsection 30-315(2) (before
table item 1)
Add:
  1A        AAP Mawson's Huts Foundation Limited

item 6.2.23 11 Subsection 30-315(2) (after table item 9)
Insert:
  9A        Australia Foundation for Culture and the Humanities

Ltd.
item 12.2.2 12 Subsection 30-315(2) (after table item 23)
Insert:
  23A       Australian National Korean War Memorial Trust Fund

item 5.2.6 13 Application
The amendments made by this Part apply to assessments for the 1997/98 income
year and later income years.