TAXATION ADMINISTRATION ACT 1953
Note: See section 3AA .Chapter 5 - Administration
If a *private ancillary fund has an *ABN, the *Australian Business Registrar must enter in the *Australian Business Register in relation to the fund a statement that it is a private ancillary fund.
An entry (or lack of entry) of a statement required by this section does not affect whether a trust is a private ancillary fund.
The Australian Business Register will also show if a private ancillary fund is endorsed as a deductible gift recipient: see section 30-229 of the Income Tax Assessment Act 1997 .
The *Australian Business Registrar must take reasonable steps to ensure that a statement appearing in the *Australian Business Register under this section is true. For this purpose, the Registrar may:
(a) change the statement; or
(b) remove the statement from the Register if the statement is not true.