Tag Archives: Bill Shorten

Public Ancillary Funds – new draft guidelines


The Federal Assistant Treasurer, Bill Shorten, has released new draft guidelines for Public Ancillary Funds (often known as PAFS and usually given the deductible gift recipient designation of DGR2). The Australian Tax Office describes Public Ancillary Funds as “public funds … Continue reading

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Govt review of public ancillary funds


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 … Continue reading

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