Cultural Bequests Program (Maximum Approval Amounts) Determination (No. 1) 1997 (Cth)

Commonwealth of Australia

Income Tax Assessment Act 1997

Cultural Bequests Program (Maximum Approval Amounts) Determination (No. 1) 1997

I, RICHARD KENNETH ROBERT ALSTON, Minister for Communications, the Information Economy and the Arts, make the following Determination under section 30-240 of the Income Tax Assessment Act 1997.

Dated              8 December               1997.

Minister for Communications, the Information Economy and the Arts

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Citation

1.         This Determination may be cited as the Cultural Bequests Program (Maximum Approval Amounts) Determination (No. 1) 1997.

[NOTE: This Determination commences on gazettal: see Acts Interpretation Act 1901, ss.46A and 48.] [See Gazette GN 1, 7 January 1998.]

Interpretation

2.         In this determination unless the contrary intention appears:

“Act” means the Income Tax Assessment Act 1997.

Maximum approval amounts

3.         (1) For the purposes of section 30-240 of the Act, the maximum approval amount for each of the 1995-96 and 1996-97 financial years is $1000.

(2)       For the purposes of section 30-240 of the Act, the maximum approval amount for each of the 1997-98, 1998-99 and 1999-2000 financial years is $5,000,000.

Revocation of Determination

4.         The Cultural Bequests Program (Maximum Approval Amounts) Determination (No. 1) dated 29 January 1996 is repealed.

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