CTHRepealedLegislation
Private Ancillary Fund Guidelines 2009
GENERAL PRINCIPLESGENERAL PRINCIPLES
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GENERAL PRINCIPLES
- A *private ancillary fund must be established, maintained and wound up in accordance with the following principles:
• it is an ancillary fund, it is philanthropic in character and it is a vehicle for private philanthropy; and
• it is a trust that:
– seeks to comply with all relevant laws and obligations; and
– is open, transparent and accountable to the public (through the Commissioner and the Commissioner of the Australian Charities and Not-for-profits Commission (if a *registered charity)”.
Note: This does not affect either Commissioner’s obligations to protect the confidentiality of a *private ancillary fund’s information under privacy, and secrecy and disclosure laws.