The Australian Sports Commission Act 1985 , enabled the creation of a company to support the development of sport in Australia. As a consequence, the Australian Sports Aid Foundation was established by the Australian Government. The Australian Sports Commission Act 1989, at Section 10, subsequently listed and renamed the Foundation as the Australian Sports Foundation (ASF).
The ASF’s listing in the Income Tax Assessment Act 1997 (ITAA) Division 30, Section 30-90, as a Deductible Gift Recipient (DGR) enables donations of $2 or more to the ASF to be tax deductible. However, all claims are subject to being accepted by the Commissioner of Taxation. In order to ensure all donations to the ASF are tax deductible, the ASF is required to comply with the requirements of the ITAA and associated taxation rulings and advice (collectively referred to on this site as taxation law).
The ASF is a non-profit public company limited by guarantee, incorporated under the Corporations Act 2001.