Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1990No. 57, 1990 - SECT 10

10. Section 78 of the Principal Act is amended:

   (a)  by inserting after subparagraph (1) (a) (xcvi) the following
        subparagraphs:
  "(xcvii)   The Borneo Memorials Trust Fund;


   (xcviii) the Guadalcanal and Solomon Islands War Memorial Foundation;

   (xcix) Australian Vietnam Forces Welcome Home '87 Pty Limited, where the
        gift is for the purpose of the Australian Vietnam Forces National
        Memorial project;

   (ci) the Life Education Centre;

   (cii) a company that conducts life education programs under the auspices of
        the Life Education Centre, where:

                (A)  the gift is for the purpose of the conduct of such
                     programs; and

                (B)  the company is not carried on for the purposes of profit
                     or gain to its individual members; and

                (C)  the company is, by the terms of the company's constituent
                     document, prohibited from making any distribution,
                     whether in money, property or otherwise, to its
                     members;";

   (b)  by inserting after subsection (6ai) the following subsections:

"(6AJ) A gift to a fund to which subparagraph (1) (a) (xcvii) or (xcviii)
applies is not an allowable deduction unless the gift was or is made on or
after 10 November 1989 and before 1 July 1992.

"(6AK) A gift is not an allowable deduction under paragraph (1) (a) by virtue
of subparagraph (1) (a) (xcix) unless the gift was or is made on or after 1
July 1989 and before 1 July 1990.".