Taxation Administration (Private Ancillary Fund) Guidelines 2019
13Change to governing rules
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13 Change to governing rules
(1) The trustee must notify the Commissioner, in the *approved form, of any change to *private ancillary fund governing rules within 21 days of the change being made.
Note: Significant changes to a fund’s governing rules may affect the fund’s entitlement to remain endorsed as a deductible gift recipient.
Penalty: 5 penalty units.
(2) However, the trustee does not need to notify the Commissioner under subsection (1) if the trustee is required to notify the Commissioner of the Australian Charities and Not‑for‑profits Commission of the same information under Division 65 of the Australian Charities and Not‑for‑profits Commission Act 2012.