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  • Private Ancillary Fund Guidelines 2019 are available

    The Private Ancillary Fund Guidelines 2019External Link came into effect from 21 September 2019 and replace the 2009 Guidelines.

    Private ancillary funds must comply with the Guidelines and penalties apply for non-compliance.

    This provides a timely opportunity for you to review your compliance with the 2019 Guidelines. In particular you need to make sure that your fund:

    • meets the minimum annual distribution for each year
    • maintains and follows an investment strategy, and
    • does not provide benefits directly or indirectly to entities that are not DGRs.

    The changes in the 2019 Guidelines are mainly structural improvements to make the Guidelines easier to understand and navigate. Some of the Guidelines have been renumbered and key terms have been defined upfront to improve clarity.

    More information about the changes, including a table to help explain the renumbered provisions, is available in the explanatory statementExternal Link.

    If you require assistance in reviewing your compliance or you would like to make a voluntary disclosure where you have made a mistake, contact us on 1300 130 248 or email

    Last modified: 31 Oct 2019QC 60509