CTHRepealedLegislation
Private Ancillary Fund Guidelines 2009
PORTABILITYPORTABILITY
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PORTABILITY
51A. With the agreement of the Commissioner, a *private ancillary fund may transfer assets to another * ancillary fund if:
• it transfers all of its net assets to that ancillary fund; and
• it has already complied with guidelines 19 to 19.6 for that financial year (about minimum annual distributions); and
• the net assets of the fund have not been received from another ancillary fund during the 2 previous financial years.
PART 3 TRANSITIONAL RULES FOR FORMER PRESCRIBED PRIVATE FUNDS