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Taxation Administration (Private Ancillary Fund) Guidelines 2019
28Portability
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28 Portability
With the agreement of the Commissioner, a *private ancillary fund may transfer assets to another *ancillary fund if: (a) the private ancillary fund transfers all of its net assets to that ancillary fund; and (b) the private ancillary fund has already complied with section 15 for that financial year (about minimum annual distributions); and (c) none of the assets of the private ancillary fund have been received from another ancillary fund during the 2 previous financial years.