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.
