L If the fund was formerly a PPF did it choose not to apply the transitional distribution rules during the financial year?
If your fund was not formerly a PPF, you are not required to answer this question.
End of attentionIn 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.
The transitional distribution rules for former PPFs apply until the end of 2013–14.
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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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For more information, refer to Private AF guidelines 53 and 54.
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