Treasury has released exposure draft Taxation Administration (Private Ancillary Fund) Guidelines 2019 (2019 Guidelines), in anticipation of the sunsetting of Private Ancillary Fund Guidelines 2009, which is scheduled to occur on 1 October 2019.  

The draft 2019 Guidelines will ensure that eligible funds are able to obtain or maintain their deductible gift recipient status and does not alter the substantive meaning or operation of the existing guidelines. Transitional provisions have been included in the draft 2019 Guidelines to ensure continuity between the sunsetting of the old guidelines and introduction of the new guidelines.

If you are unsure how the existing or proposed guidelines may apply to your fund, or if you would like further information about establishing a private ancillary fund, contact our specialist team:

Daniel Smedley
Principal | Accredited Specialist in Tax Law
M +61 411 319 327| T +61 3 9611 0105
E: dsmedley@sladen.com.au

Laura Spencer
Senior Associate
T +61 3 9611 0110
lspencer@sladen.com.au

Henri Sheridan
Graduate Lawyer
T +61 3 9611 0194
hsheridan@sladen.com.au