Donations and bequests

Making a donation

You can support the work of the Biodiversity Conservation Trust by making a donation of money or of land if you own land with high conservation values.

The BCT is seeking but does not yet have Deductible Gift Recipient status under the Income Tax Assessment Act 1997. You may wish to seek independent taxation advice if you are considering a donation.

If you wish to discuss making a donation to the Biodiversity Conservation Trust, please contact us by email at info@bct.nsw.gov.au, or call us on 1300 992 688.

Making a bequest

Another way to support the work of the Biodiversity Conservation Trust is by making a bequest of property or money in favour of the BCT in your will.

The BCT does not yet have Deductible Gift Recipient status under the Income Tax Assessment Act 1997. If the BCT obtains this status, it will mean that a capital gains tax exemption may be claimed by your estate in relation to any bequest of property you make. You may wish to seek independent taxation advice if you are considering a bequest.

Types of bequests you can make

There are several ways to leave the BCT something in your will:

1. Gift of land or property

You may choose to leave a gift of property, including land or personal property, to the BCT. If you wish to leave a gift of land to the BCT, we suggest that you contact us first to discuss your wishes.

2. Gift of a specified percentage of your estate

You may choose to provide in your will that a certain percentage of your estate be left to the BCT. One of the advantages of specifying a percentage of your estate is that it may assist you to keep your will up to date with changes in the value of your estate over time.

3. Leave a residual bequest

You may choose to leave the residue of your estate, which remains after you have made provision for family and friends, to the BCT.

How to make a bequest

Some suggested general wording to make a bequest to the BCT in your will is:

"I give [insert details of the bequest], free from all debts (secured and unsecured) and all duties (whether federal or state) payable in respect of my estate, to the Biodiversity Conservation Trust of New South Wales (ABN 37 151 321 702), a statutory body constituted under the NSW Biodiversity Conservation Act 2016 or its successor entity, absolutely for its general purposes, and I declare that a receipt of the authorised officer for the time being of the Biodiversity Conservation Trust or its successor entity will be a full and sufficient discharge of this bequest to my executor(s)."

If you have made a bequest to the former Nature Conservation Trust in your will, you are not required to make any changes to your will because the Biodiversity Conservation Act 2016 provides that the BCT is a continuation of, and the same legal entity as, the Nature Conservation Trust. 5

We recommend you should seek legal advice in making or changing your will as there are certain requirements that need to be met in order for your will to be valid, and the information provided here, being of a general nature only, may need to be adapted to your specific circumstances. You may also wish to discuss your plans, including the tax implications, with your accountant or financial adviser.

If you wish to discuss leaving a bequest to the Biodiversity Conservation Trust, please contact us by email at info@bct.nsw.gov.au, or call us on 1300 992 688.