• All private AFs that were formerly a PPF

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    L If the fund was formerly a PPF did it choose not to apply the transitional distribution rules during the financial year?

    Attention

    If your fund was not formerly a PPF, you are not required to answer this question.

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    In the period 2009–10 to 2012–13 a former private AF could choose to not apply the transitional distribution rules (that is, based on donations and income) and instead apply the distribution rules under private AF guideline 19 (that is, based on market value). That choice must have been made within the financial year in which it changed its distribution method.

    Attention

    The transitional distribution rules for former PPFs apply until the end of 2013–14.

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    Example

    If a fund adopted the new distribution rules in relation to the 2013–14 financial year, it must have made the minimum distribution in accordance with guideline 19 during the 2013–14 year before lodging its ancillary fund return 2014.

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    Find out more

    For more information, refer to Private AF guidelines 53 and 54.

    End of find out more
    Last modified: 04 Jul 2014QC 41203