The Acting Assistant Treasurer has gazetted a notice declaring, under s 30-85(2) of the ITAA 1997, that the following funds are developing country relief funds:
- RACS Foundation – Developing country relief fund;
- OSIEPE Developing Country Relief Fund;
- Kind Cuts for Kids Developing Countries Relief Fund;
- Health Australia & Tanzania (HAT) Inc Gift Fund;
- Family Planning NSW Overseas Aid Relief Fund;
- Committee Assist Australia Developing Country Relief Fund.
[LTN 78, 28/4/14]
Extract from Income Tax Assessment Act 1997
SECT 30.85 – Developing country relief funds
(1) You can deduct a gift that you make to a public fund covered by item 9.1.1 of the table in subsection 30-80(1) only if the declaration is in force at the time you make the gift.
(2) The Treasurer may, by notice in the Gazette , declare a public fund to be a developing country relief fund if he or she is satisfied that the fund:
(a) has been established by an organisation declared by the * Foreign Affairs Minister to be an approved organisation; and
(b) is solely for the relief of people in a country declared by the Foreign Affairs Minister to be a developing country.
(3) The notice must specify the day on which it has effect. It cannot have effect earlier than the day on which it is published in the Gazette .
(4) The Treasurer may, by notice in the Gazette , revoke a declaration that a public fund is a developing country relief fund. The notice must specify the day on which it has effect. It cannot have effect earlier than the day on which it is published in the Gazette .
(5) A declaration by the * Foreign Affairs Minister under this section must be in writing, signed by the Minister.