CTHRepealedLegislation
Public Ancillary Fund Guidelines 2011
governing rules inconsistent with these governing rules inconsistent with these Guidelines
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governing rules inconsistent with these Guidelines
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If a fund does not have a trustee that is a *constitutional corporation, then guideline 14 does not apply to the fund. Instead, at least a majority of individuals who are trustees of the fund must have a degree of responsibility to the Australian community as a whole.
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If a fund has an existing borrowing as at 31 December 2011, the fund may maintain that borrowing despite guideline 33. However, the fund may not alter the terms of the borrowing without the prior agreement of the Commissioner.