• Private ancillary fund return 2010 - Instructions

    Private ancillary funds (PAFs) including funds that were formerly prescribed private funds should complete the Private ancillary fund return 2010 (NAT 73640).

    About these instructions



    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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    These instructions will help you complete your Private ancillary fund return 2010.

    When we refer to the PAF guidelines, we are referring to the Private ancillary fund guidelines 2009.

    When we refer to a 'fund' in these instructions we are referring to a PAF.

    When we refer to 'you' in these instructions we are referring to you as the trustee of the PAF.

    These instructions are not a guide to law on PAFs. They sometimes refer you to a PAF guideline that specifically addresses an item in the return you are completing, but it does not mean the PAF guideline is all you need to consider regarding that item, or the operation of the fund.


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

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    Penalties may be imposed for giving false or misleading information. In addition, penalties may also be imposed for non-compliance with the private ancillary fund guidelines.

    Last modified: 01 Nov 2010QC 23525