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All public ancillary funds

Last updated 12 February 2019

F Has the fund’s auditor confirmed compliance by the fund and the trustee with the public AF guidelines?

Each financial year the trustee must arrange for an auditor to audit compliance with the guidelines by the fund and the trustee. The audit must be finalised before the date the fund is required to lodge the return.

A public ancillary fund with revenue and assets of less than $1 million in a particular financial year may have its financial statements reviewed rather than audited, unless the Commissioner advises otherwise. The reviewer must meet the requirements provided in public AF guideline 28.1.1.

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For more information, refer to public AF guidelines 28, 29 and 47.

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G Did the fund wind up or cease to be a public AF?

If the public AF was wound up or ceased to be a public AF during the financial year, it must include the audit report when it lodges the ancillary fund return 2013.

H Was the public invited to contribute to the fund?

The public must be invited to contribute to the fund.

I Did the public, or a significant part of it, contribute to the fund?

Indicate if the public or a significant part did contribute to the fund.