Bill
Tax Laws Amendment (Incentivising Food Donations to Charitable Organisations) Bill 2024
lapsed, as at 2025-07-21.
- Sponsor
- Dean Smith
- Portfolio
- Not recorded
Recorded stages
- introduced — 2024-07-02
- second reading — 2024-07-02
- other — 2025-07-21
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2024-07-02.
The bill would create a tax offset for companies that donate food to registered charities.
The offset would be refundable for companies with annual turnover under $20 million and non-refundable for others.
The maximum offset is the lesser of $5 million or a percentage of donation costs, with an independent review after three years.
- Introduces a food donations tax offset for constitutional corporations.
- Sets a $20 million turnover threshold for refundability of the offset.
- Caps the offset at $5 million or a specified percentage of expenditure.
- Makes the offset temporary with a review after three years.
- Includes integrity measures to prevent abuse.
Companies that are constitutional corporations and donate food to registered charities.
Sources
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