NO. 58

EMBARGO Budget. Not for release before 7.30 pm AEST, 13 May 1997.

DEDUCTIBILITY OF DONATIONS TO THE NATIONAL NURSES MEMORIAL TRUST

Financial Implications ($m)

* The nature of the measure is such that a reliable estimate cannot be provided.

Explanation

The Government has given in principle approval for donations of $2 or more to the National Nurses Memorial Trust to be tax deductible for a period of two years. After the Trust has satisfied the usual public fund requirements, the Government will announce the starting date for the two year period of deductibility.

The above material is a full extract of the description of the measure as contained in Budget Paper No 2: Budget Measures 1997-98. This paper explains all outlays and revenue measures, and is available from the Treasury Internet site at Budget Paper 2.