Media Releases

NO. 008

TAX DEDUCTIBILITY OF GIFTS TO MOUNT MACEDON MEMORIAL CROSS RESTORATION, DEVELOPMENT AND MAINTENANCE TRUST FUND

The Government has decided to amend the income tax law to allow tax deductions for gifts of the value of $2 or more made as from today for a period of one year to Mount Macedon Memorial Cross Restoration, Development and Maintenance Trust Fund.

The purpose of the Fund is to raise moneys for the ongoing maintenance of the Mount Macedon Memorial Cross.

The Cross was built in 1934-35 to commemorate the memory of those who served in the Great War, and is considered to be one of the most significant war memorials in Victoria.

Legislation to give effect to the Government's decision will be introduced as soon as practicable.

CANBERRA
9 February 1998

Contact officer:
Mark O'Connor
Australian Taxation Office
(02) 6216 1328