INCOME TAX ASSESSMENT ACT 1997 - SECT 25.60 Parliament election expenses
INCOME TAX ASSESSMENT ACT 1997 - SECT 25.60
Parliament election expenses(1) You can deduct expenditure you incur in contesting an election for membership of:
(a) the Parliament of the Commonwealth; or
(b) the Parliament of a State; or
(c) the Legislative Assembly for the Australian Capital Territory; or
(d) the Legislative Assembly of the Northern Territory of Australia.
Note 1: Entertainment expenses are excluded: see section 25 - 70.
Note 2: If you receive an amount as recoupment of the expenditure, the
amount may be included in your assessable income: see Subdivision 20 -
A.