Mid Murray Motorsport Park Donation
The Australian Sports Foundation Ltd (AFS) was established by the Australian Government to assist organisations to raise funds through public and corporate donations for development of sport in Australia. Pursuant to the ASF’s listing in the Income Tax Assessment Act (1997) (div 30, 530-90), donations of $2 or more to the ASF are tax deductible.
Donors must contribute unconditionally to the ASF to claim a Tax deduction, however the ASF’s structure makes it possible for donor to nominate a registered project as the preferred beneficiary of their gift. The Southern Districts Car Club Incorporated – Mid Murray Motorsport Park, project no. 214220, is registered with and conducted under the charter of the ASF.
All claims are subject to being accepted by the Commissioner of Taxation. If either an individual or business is uncertain of their position, they should seek their own professional advice.