Commonwealth of Australia Explanatory Memoranda

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TAX LAWS AMENDMENT (2004 MEASURES NO. 4) BILL 2004

2002–2003–2004
THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
HOUSE OF REPRESENTATIVES
TAX LAWS AMENDMENT (2004 MEASURES No. 4) BILL 2004
CORRECTION TO THE
EXPLANATORY MEMORANDUM
(Circulated by authority of the
Treasurer, the Hon Peter Costello, MP)
General outline and financial impact
Specific gift recipients
Financial impact: Omit “These amendments in Schedule 4 have an
unquantifiable, but insubstantial, cost to revenue.”
Substitute “Extending deductible gift recipient (DGR) listing to
St Paul’s Cathedral Restoration Fund is estimated to cost $2 million
for the period of the extension; extending St Patrick’s Cathedral
Parramatta Rebuilding Fund is estimated to cost up to $100,000.
The cost to revenue of the specific listings and other extensions is
unquantifiable but likely to be small.”

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