Today, the Minister for Revenue and Assistant Treasurer, the Hon Peter Dutton MP, announced the Government’s decision to amend the income tax law to allow for deductions for gifts of $2 or more donated to the Shrine of Remembrance Restoration and Development Trust (the Trust) effective from 1 July 2007 for an additional two-year period until 30 June 2009.
The Shrine of Remembrance in Melbourne, built between 1928 and 1934, is Victoria’s largest memorial to the men and women who have served Australia in armed conflicts and in peacekeeping operations throughout our nation’s history.
The Trust was established to raise funds for the restoration and development of the Shrine of Remembrance and tax deductibility for gifts to the Trust will assist with fundraising for these purposes.
Taxpayers should ensure they receive a receipt for their donation.
Legislation to amend the Income Tax Assessment Act 1997 to give effect to this
announcement will be introduced as soon as practicable.