A New Tax System (Goods and Services Tax) Frequency of Fund-raising Events Determination (No. 1) 2001 (Cth)

COMMONWEALTH OF AUSTRALIA

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999

DETERMINATION

Under subsection 40-165(4) of the A New Tax System (Goods and Services Tax) Act 1999 I make the following determination:

Citation

1. This determination may be cited as the A New Tax System (Goods and Services Tax) Frequency of Fund-raising Events Determination (No. 1) 2001.

Commencement

2.         This determination commences on the date the A New Tax System (Goods and Services Tax) Act 1999 commences.

Frequency of fund-raising events

3.         The frequency set out in the following paragraph is the frequency with which fund-raising events may be held without forming any part of a series or regular run of like or similar events for the purposes of subsection 40-165(1):

(a)Fifteen fund-raising events in any financial year.

Definitions

1. The following expression is defined for the purposes of this determination:

financial year means the 12 month period ending on the date the entity balances its accounts.

5.         Other expressions in this determination have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.

Dated this 10^th day of August 2001.

Signed by Tracey Nicholson

Assistant Commissioner

Goods and Services Tax Program

Delegate of the Commissioner