INCOME TAX ASSESSMENT ACT 1997 - SECT 30.86 Developed country disaster relief funds

INCOME TAX ASSESSMENT ACT 1997 - SECT 30.86

  (1)   For the purposes of item   9.1.2 of the table in subsection   30 - 80(1), a disaster is one to which this subsection applies if the Minister has recognised it as a disaster. The Minister may do so if satisfied that:

  (a)   it developed rapidly; and

  (b)   it resulted in the death, serious injury or other physical suffering of a large number of people, or in widespread damage to property or the natural environment.

  (2)   The Minister's recognition of an event as a disaster:

  (a)   must be by notifiable instrument; and

  (b)   must specify the day (or the first day) of the event.

  (4)   You can deduct a gift that you make to a public fund covered by item   9.1.2 of the table in subsection   30 - 80(1) only within the 2 years beginning on the day specified in the recognition as the day (or the first day) of the event for which the fund is to provide relief.

Note:   A public fund may also be established for disaster relief of people in Australia (see item   4.1.5 of the table in section   30 - 45).