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Income Tax Assessment Act 1997
30‑247 Gifts and covenants for which ele30‑247 Gifts and covenants for which elections can be made
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30‑247 Gifts and covenants for which elections can be made
(1) An election under this Subdivision may be made for a gift, made on or after 1 July 2003, that is: (a) a gift of: (i) money; or (ii) property valued by the Commissioner at more than $5,000; made to a fund, authority or institution covered by item 1 or 2 of the table in section 30‑15; or (b) a gift that is covered by item 4, 5 or 6 of the table in section 30‑15. (2) An election under this Subdivision may also be made for entering into a *conservation covenant, under Division 31, on or after 1 July 2003.