Govt review of public ancillary funds


publicancillary-fund

Image: The Funding Centre

The then Assistant Treasurer and Minister for Financial Services and Superannuation,  Bill Shorten announced a review into public ancillary funds, calling for submissions by 17 December 2010.

Treasury stated that: “The proposed changes introduce a new regulatory framework similar to that introduced on 1 October 2009 for private ancillary funds. The new rules will apply to public ancillary funds as from 1 July 2011.”

How do you think proposed changes might affect donors and recipients?

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About ozphilanthropy

#Philanthropy. Posts by Sharon Nathani. Consultant, blogger, speaker & committee member/grantmaker @Impact100Melb and Melbourne Womens Fund. Board member at Outer Urban Projects. Learning more to share with you through Grad Dip in Philanthropy and Nonprofit studies at QUT and Masters in Social Investment & Philanthropy at Swinburne. Former Executive Officer Inner North Community Foundation.
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