The transitional period for trustees of public ancillary funds to amend their fund’s governing rules to comply with the public ancillary fund guidelines closes on 1 July 2015. Public ancillary funds and their trustees must comply with these guidelines if the funds are to remain endorsed as deductible gift recipients.
As well as the fund losing entitlement to DGR endorsement, failure to comply with the guidelines could lead to the trustee incurring administrative penalties.
To ensure your public ancillary fund deed complies with the guidelines, please contact:
T: 03 5225 5216