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. Sometime pianist & knitter. Learning more to share with you in philanthropy studies @acpns_qutozphilanthropy through Masters in Business in Philanthropy and Not for Profit Studies. Former Executive Officer Inner North Community Foundation.
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