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Tax Laws Amendment (2004 Measures No. 4) Bill 2004

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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.”