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Tax deductability of gifts to the Shrine of Remembrance Restoration and Development Trust.



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Press Release

 

THE HON. ROD KEMP

ASSISTANT TREASURER 

No.54

 

TAX DEDUCTIBILITY OF GIFTS TO THE SHRINE OF REMEMBRANCE RESTORATION AND DEVELOPMENT TRUST

 

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will amend the income tax law to extend the period during which deductions may be claimed for gifts of the value of two dollars or more made to the Shrine of Remembrance Restoration and Development Trust. Deductions can now be claimed for gifts made from 1 July 1999 to 30 June 2005.

 

The Trust has been established to raise funds to be used for the restoration and development of the Shrine of Remembrance in Melbourne.

 

The Government has previously amended the income tax law to allow deductions for gifts to the Trust up to 30 June 1999. The extension has been granted in recognition of the scale of the restoration and development work being undertaken at the Shrine of Remembrance.

 

The address for donations is:

 

Shrine of Remembrance Restoration and Development Trust

GPO Box 1603M

MELBOURNE VIC 3001

 

Taxpayers should ensure they receive a receipt for their donations.

 

Legislation to give effect to this decision will be introduced to Parliament as soon as practicable.

 

CANBERRA

16 November 1999

 

Media contacts:

 

Jim McLean Australian Taxation Office (02) 6216 1543

Richard Allsop Assistant Treasurer’s Office (03) 9650 7274

 

 

rw  1999-11-17  13:58