Tax Laws Amendment (2011 Measures No. 7) Act 2011 (147 of 2011)
Schedule 8 Ancillary funds
Part 1 Public ancillary funds
Division 1 Main amendment
Taxation Administration Act 1953
11 Section 426-1 in Schedule 1
Omit:
Subdivision 426-D deals with a type of private philanthropic trust fund known as a private ancillary fund .
substitute:
Subdivision 426-D deals with types of philanthropic trust funds known as public ancillary funds and private ancillary funds .
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