Non-Profit News Service No. 0258 - New products released for private ancillary funds
The Tax Office has released new products to assist organisations seeking deductible gift recipient (DGR) status under the new category for private ancillary funds (PAFs) effective from 1 October 2009. Existing prescribed private funds (PPFs) became PAFs on this date.
The products include a private ancillary funds webpage that provides information about the new category and the requirements for endorsement. The transitional arrangements for PPFs are also discussed.
The webpage provides links to the other products for PAFs, including:
the PAF model deed
updated instructions for endorsement as a deductible gift recipient
the PAF schedule
the agreement to comply with the PAF guidelines
the revocation of agreement to comply with the PAF guidelines, and
the PAF guidelines, which are located on the Federal Register of Legislative Instruments
We previously advised of the new PAF DGR category in:
The Tax Office is in the process of developing a frequently asked questions webpage to answer questions about PAFs. If your questions are not answered in the above products, we encourage you to send us your questions for possible inclusion in the frequently asked questions.
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