Private ancillary funds (PAFs) must provide a PAF return to the ATO.


The PAF return is not an income tax return.

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PAFs must ensure that any benefit (money or property) bestowed is distributed only to a fund, authority or institution endorsed under Subdivision 30-B of the Income Tax Assessment Act 1997 as a deductible gift recipient (DGR) under item 1 of the table in section 30-15 of that Act. A benefit must not be bestowed on a fund, authority or institution that is endorsed as a DGR under item 2 of the table. The Australian Business Register at shows whether a DGR is covered by item 1 or item 2.

Who submits a PAF return for the 2009-10 year financial year?

You must complete and submit a PAF return for the period 1 June 2009 to 1 July 2010 or approved substitute accounting period if you are a PAF. This includes those PAFs that were formerly prescribed private funds.

We provide the Private ancillary fund return 2010 (NAT 73640, PDF, 202KB) for this purpose.

After you have downloaded the relevant form, you can complete the form online before printing and signing it.

You must lodge your PAF return with us by 28 February 2011. If you are unable to lodge the return by the due date please phone 1300 130 248 before 28 February 2011 and make alternative arrangements.

For help with completing each item in the PAF return, refer to the step-by-step instructions provided in the Private ancillary fund return 2010 - instructions (NAT 73641).

Do not send the audit report and financial statements unless you are required to do so because of particular circumstances, such as the winding up of the fund.

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Mail your completed PAF return by 28 February 2011 to:

Non Profit Centre
Australian Taxation Office
PO Box 9990

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Failure to provide the completed return by 28 February 2011 may result in the imposition of an administrative penalty.

Last modified: 15 Feb 2011QC 23541