Announcement date
25 February 2022
Link to announcement
https://www.legislation.gov.au/Details/F2022L00184
Problem being addressed
The Public Ancillary Fund Guidelines 2011 set out rules for public ancillary funds and their trustees if the funds are to be, or are to remain, endorsed as deductible gift recipients under the taxation law. A deductible gift recipient is an entity or fund that can receive tax deductible gifts. The guidelines were scheduled to sunset on 1 April 2022.