New products released for private ancillary funds

The Tax Office has released new 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.

The products include a private ancillary funds webpage that provides information about the new category and the requirements for endorsement. The transitional arrangements for PPFs are also discussed.