Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Income tax gift provisions



Download PDFDownload PDF

TREASURER

EMBARGO

PRESS RELEASE

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP

NO X,Q -η

INCOME TAX GIFT PROVISIONS

The Government has decided to amend the gift provisions of the Income Tax Assessment Act to allow deductions in respect of gifts to public funds established and maintained exclusively for the purpose of providing religious instruction in Government schools in Australia.

The gift provisions already apply to gifts to comparable bodies, the Council for Christian Education in Schools (representing the Protestant

Churches in Victoria and Western Australia), the Council for Jewish Education in Schools, and Funds established by Roman Catholic archdioceses or dioceses to provide religious instruction in Government schools in · Australia. '

The gift provisions were extended to include Roman Catholic Funds as from July 1979 as the Government was of the view that there ought to be comparability as regards the status of gifts to Roman Catholic Funds, and the existing Protestant Funds.

Since that announcement various other religious denominations, in particular the Anglican and Presbyterian Churches in New South Wales, have sought similar taxation concessions. '

The Government has no desire to discriminate as between the various

churches and has therefore decided to incorporate an omnibus provision into the Income Tax Assessment Act to grant the concession to all denominations providing religious instruction in Government schools.

The new concession will apply in respect of gifts made on or after today. The necessary legislation will be introduced in the Autumn Sittings.

Gifts made to funds for religious education in Government schools and which are tax deductible under existing law will continue to attract' deductibility.

CANBERRA 24 December 1980