New information released for private ancillary funds

The Tax Office has released a suite of new information products to assist organisations seeking deductible gift recipient (DGR) status under the new category for private ancillary funds (PAFs), effective from 1 October 2009. Existing prescribed private funds (PPFs) became PAFs on this date.

This includes a private ancillary funds website that provides information about the new category and the requirements for endorsement. The transitional arrangements for PPFs are also discussed.  The webpage provides links to the other products for PAFs, including:

  • the PAF model deed
  • updated instructions for endorsement as a deductible gift recipient
  • the PAF schedule
  • the agreement to comply with the PAF guidelines
  • the revocation of agreement to comply with the PAF guidelines, and
  • the PAF guidelines, which are located on the Federal Register of Legislative Instruments.

The Tax Office is in the process of developing a Frequently Asked Questions webpage to answer questions about PAFs. If your questions are not answered in the above products, the ATO encourages you to email them your questions for possible inclusion in the FAQ.

Email your question by 6 November 2009 to, putting ‘Private ancillary funds - frequently asked questions’ in the subject line.

Oct. 16, 2009

 Tags: what's new, news, government, general

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