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Constitution of Urabba Parks/Section 4
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== Charity distributions == 45. Subsection (1) defines core concepts of the charity distributions regime, including the following: :(A) a ‘charity distribution’ includes the application of money to a charity nominated by a member, to a giving account or giving pool, or paid up membership of Urabba Parks; :(B) an ‘eligible charity’ is an entity that is a charity (or in some cases a government entity) that has similar charitable purposes to Urabba Parks and not excluded under law; :(C) a ‘gift fund’ is a fund maintained under section 30.130 of the ''Income Tax Assessment Act 1997'' of the Parliament of the Commonwealth (ITAA97), which is credited with gifts made for the principal purpose of the gift fund, contributions described in item 7 or item 8 of the table in section 30.15 of ITAA97 in relation to a fundraising event held for that purpose, that only receives property received because of such gifts and contributions (such as interest and other income received from the holding or investment of those funds), and does not receive any other property and that is applied for the purposes of the gift fund; :(D) a ‘giving account’ or a ‘giving pool’ is a fund of Urabba Parks that has been made as a charity distribution to members for application as charity distributions or payments of fees and charges payable to Urabba Parks – the purpose of having these funds is to ensure that charity distributions are applied to eligible charities in a manner determined by the members eligible for the charity distributions; :(E) a ‘public fund’ as a gift fund endorsed under Division 30 o ITAA97 as a public fund.
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