104Registration of Trust as environmental organisation

104 Registration of Trust as environmental organisation

104 Registration of Trust as environmental organisation

(1) The Trust must comply with the requirements set out in the ITAA 1997, Subdivision 30-E in relation to the Trust’s registration as an environmental organisation within the meaning of the ITAA 1997.

(2) In particular, the Trust must—

(a) establish and maintain a not-for-profit public fund that meets the requirements of the ITAA 1997, section 30-130, in accordance with section 105, and

(b) comply with a rule the Commonwealth Minister and the Environment Minister make to ensure that gifts made to the public fund are used only for the principal purpose of the Trust, and

(c) not pay any of the Trust’s profits or financial surplus, or give any of the Trust’s property, to its members, and

(d) not act as a mere conduit for the donation of money or property to other organisations, bodies or persons, and

(e) agree to give the Environment Secretary, within a reasonable period after the end of each income year, statistical information about gifts made to the Public Fund during the income year.

(3) In this section—

Commonwealth Minister means a Commonwealth Minister responsible for administering the relevant provisions of the ITAA 1997.

Environment Minister has the same meaning as in the ITAA 1997.

s 104: Am 1992 No 85, Sch 2; 1993 No 78, Sch 1 (4); 2004 No 16, Sch 2.8 [2]; 2010 No 38, Sch 1 [47]. Rep 2016 No 63, Sch 11.5 [11]. Ins 2021 No 47, Sch 1.1[17].