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COMMONWEALTH OF AUSTRALIA

 

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999

 

DETERMINATION

 

Under subsection 40-165(4) of the A New Tax System (Goods and Services Tax) Act 1999 I make the following determination:

 

Citation

 

1. This determination may be cited as the A New Tax System (Goods and Services Tax) Frequency of Fund-raising Events Determination (No. 1) 2001.

 

Commencement

 

2. This determination commences on the date the A New Tax System (Goods and Services Tax) Act 1999 commences.

 

Frequency of fund-raising events

 

3. The frequency set out in the following paragraph is the frequency with which fund-raising events may be held without forming any part of a series or regular run of like or similar events for the purposes of subsection 40-165(1):

 

(a)                Fifteen fund-raising events in any financial year.

 

Definitions

 

4.                   The following expression is defined for the purposes of this determination:

 

financial year means the 12 month period ending on the date the entity balances its accounts.

 

5. Other expressions in this determination have the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.

 

 

Dated this 10th day of August 2001.

 

 

 

 

Signed by Tracey Nicholson

Assistant Commissioner

Goods and Services Tax Program

Delegate of the Commissioner