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2002-2003-2004
THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
HOUSE OF REPRESENTATIVES
tax LAWS AMENDMENT (2004 measures N o . 4) bill 2004
CORRECTION TO THE
EXPLANATORY MEMORANDUM
(Circulated by authority of the
Treasurer, the Hon Peter Costello, MP)
G eneral outline and financial impact
Specific gift recipients
Financial impact : Omit “These amendments in Schedule 4 have an unquantifiable, but insubstantial, cost to revenue.”
Substitute “Extending deductible gift recipient (DGR) listing to St Paul’s Cathedral Restoration Fund is estimated to cost $2 million for the period of the extension; extending St Patrick’s Cathedral Parramatta Rebuilding Fund is estimated to cost up to $100,000.
The cost to revenue of the specific listings and other extensions is unquantifiable but likely to be small.”