The existing Private Ancillary Fund Guidelines 2009 are scheduled to sunset on 1 October 2019.
The draft Taxation Administration (Private Ancillary Fund) Guidelines 2019 are being made to ensure eligible funds may obtain or maintain deductible gift recipient status.
The draft guidelines do not alter the substantive meaning or operation of the existing guidelines. Minor technical changes have been made to reflect current drafting practice and omit provisions that are no longer operative. Transitional provisions are included in the draft guidelines to ensure continuity of operation between the sunsetting and the new guidelines.
Further details on the draft guidelines are contained in the Explanatory Statement. The community’s views are sought on the draft guidelines.