The Assistant Treasurer, Senator Rod Kemp today announced that gifts to the value of $2 or more made to The Global Foundation from today, will be deductible for income tax purposes.
The Global Foundation is a non-profit organisation established to promote and encourage Australias national development and international orientation, with a particular focus on the nations centenary of Federation.
It is a citizens initiative which brings together the expertise and influence of eminent people and tax deductibility will assist the Foundation to attract public support for its activities.
Legislation to give effect to the Governments decision will be introduced as soon as practicable.
The address for donations is:
The Global Foundation PO Box 1820 MELBOURNE 3000
Taxpayers should ensure that they receive a receipt for their donation.
MELBOURNE
3 November 1999
Media contacts:
Neil Cossins Australian Taxation Office (02) 6216 2608
Matthew Guy Assistant Treasurers Office (03) 9650 7274