New South Wales Consolidated Acts

NATIONAL PARKS AND WILDLIFE ACT 1974 - SECT 105

105 National Parks and Wildlife Conservation Public Fund

(1) The public fund referred to in section 104(2)(a) must be called the National Parks and Wildlife Conservation Public Fund (the
"Public Fund" ).

(2) The Trust must--

(a) maintain and only use the Public Fund for the principal purpose of the Trust, and

(b) hold all accountable gifts in the Public Fund, and

(c) not hold other money or property in the Public Fund, and

(d) pay all money held in the Public Fund into an account kept, for the purposes of the Public Fund, with an authorised deposit-taking institution, and

(e) keep records that record and explain all transactions and other acts the Trust engages in that are relevant to the Trust's endorsement as a deductible gift recipient for operating the Public Fund, and

Note--: The Taxation Administration Act 1953 of the Commonwealth, Schedule 1, section 382-15 requires deductible gift recipients to keep certain records.

(f) issue receipts in the name of the Public Fund for accountable gifts worth $2 or more, and

(g) notify the Australian Taxation Office and the Environment Secretary of any changes made to the provisions of this Act that relate to the Trust or the Public Fund after the Trust is registered as an environmental organisation under the ITAA 1997, Subdivision 30-E.

(3) In this section--

"accountable gifts" means gifts, property, contributions or money referred to in the ITAA 1997, section 30-130.

"authorised deposit-taking institution" has the same meaning as
"ADI" has in the ITAA 1997.