Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) A Member is not required to disclose any gift received by the Member if –
(a) the amount of the gift did not exceed $500 unless –
(i) the gift was one of 2 or more gifts made by one person during the ordinary return period; and
(ii) the amount of those 2 or more gifts exceeded, in the aggregate, $500; or
(b) the donor was a relative of the Member.
(2) The amount of a gift comprising property that is not money is taken to be an amount equal to the value of the property.