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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 26 - Some amounts you cannot deduct, or cannot deduct in full    View history reference

Operative provisions  

SECTION 26-45  Recreational club expenses  

 View history reference

26-45(1)  

 ITAA 36
You cannot deduct under this Act a loss or outgoing to the extent you incur it to obtain or maintain:


(a) membership of a *recreational club; or


(b) rights to enjoy (otherwise than as a *member) facilities provided by a *recreational club for the use or benefit of its *members;

whether for yourself or someone else.

Meaning of recreational club

26-45(2)  

 ITAA 36
A recreational club is a company that was established or is carried on mainly to provide facilities, for the use or benefit of its *members, for drinking, dining, *recreation or entertainment.

Exception when you provide a fringe benefit

26-45(3)  

 ITAA 36
Subsection (1) does not stop you deducting expenditure you incur in *providing a *fringe benefit.


 



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