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Tuesday, 18 April 1972
Page: 1756

Mr Kennedy asked the Treasurer, upon notice:

(1)   Under what conditions is a taxation deduction allowed for donations for certain school building projects and other associated educational projects under section 78 (l.)(a) (xv) of the Income Tax Assessment Act.

(2)   Is there any difference in the eligibility of (a) Government and (b) private schools in respect of which an application is made.

Mr Snedden - The answer to the honourable member's question is as follows:

(l)   Donations of $2 and upwards are allowable deductions if made to a public fund established and maintained exclusively for providing money for the acquisition, construction or maintenance of a building used or to be used as a school or college. The building must be used by a government or public authority or by a society or association which is carried on otherwise than for the purpose of profit or gain to the individual members of that society or association. Section 78(l)(a)(xv) of the Income Tax Assessment Act is restricted to funds which are applied exclusively towards the acquisition, construction or maintenance of buildings and does not extend to funds designed to provide assistance for other associated educational projects.

(2)   No.

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