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29 May 06 New deductible gift recipient categories

The ATO has published Non-Profit News Service No. 0143 entitled "Legislation tabled: new deductible gift recipient categories". It explains that Tax Laws Amendment (2006 Measures No 3) Bill 2006 tabled in Parliament on 25 May 2006 - see 2006 TAXVINE No 19 (7) (19 May 2006) - proposes to amend the ITAA 1997 to establish several new deductible gift recipient (DGR) general categories with effect from 1 July 2006.

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