South Australian Current Regulations

PUBLIC CORPORATIONS (INTERNATIONAL KOALA CENTRE OF EXCELLENCE) REGULATIONS 2018 - REG 21

21—Winding up of Gift Fund etc

If—

            (a)         IKCE ceases to be a deductible gift recipient under the Income Tax Assessment Act 1997 of the Commonwealth; or

            (b)         the Gift Fund is wound up; or

            (c)         IKCE is dissolved,

the surplus assets of the Gift Fund must be transferred to a public fund listed on the Register of Environmental Organisations under the Income Tax Assessment Act 1997 of the Commonwealth.