A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 40.160 Fund - raising events conducted by charities etc.
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 40.160
Fund - raising events conducted by charities etc.(1) A supply is input taxed if:
(a) the supplier is an * endorsed charity, a * gift - deductible entity or a * government school; and
(b) the supply is made in connection with a * fund - raising event; and
(c) the supplier chooses to have all supplies that it makes in connection with the event treated as input taxed; and
(d) the event is referred to in the supplier's records as an event that is treated as input taxed.
(3) Subsection (1) does not apply to a supply by a * gift - deductible entity endorsed as a deductible gift recipient (within the meaning of the * ITAA 1997) under section 30 - 120 of the ITAA 1997, unless:
(i) an * endorsed charity; or
(ii) a * government school; or
(iii) a fund, authority or institution of a kind referred to in paragraph 30 - 125(1)(b) of the ITAA 1997; or
(b) each purpose to which the supply relates is a * gift - deductible purpose of the supplier.
Note: This subsection denies input taxed status under this section to
supplies by certain (but not all) gift - deductible entities that are only
endorsed for the operation of a fund, authority or institution. However,
supplies can be input taxed under this section if they relate to the principal
purpose of the fund, authority or institution.