November 15th, 2014
When multi-millionaires die, the bulk of their wealth generally stays within the family. But when a man dies unmarried and childless, his heirs can be more difficult for inquisitive outsiders to identify.
The death of Australian healthcare entrepreneur Paul Ramsay in May was celebrated as a great day for philanthropy in this country.
Ramsay, of the Ramsay Health Care private hospital group and one-time chairman of regional Prime Television, left the bulk of his $3.4 billion estate to his private foundation for distribution to charity.
Generous in life as in death, it has now emerged that Ramsay also made provisions for those closest to him.
By Annette Sharp, The Daily Telegraph
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The Australian Government has announced a review of the Australian Charities and Not-for-profits Commission (ACNC) legislation.
Advocacy & Insight Manager, Krystian Seibert, outlines Philanthropy Australia's engagement with the review.