Treasury is consulting on options for increased flexibility in the operation of ancillary funds, particularly by improving the ability of ancillary funds to support large projects or transfer assets to other ancillary funds that are better placed to support on the ground charities. Ancillary funds play a significant role in Australian philanthropy by providing a bridge between donors and the thousands of deductible gift recipients that contribute to Australia’s wellbeing through their work in welfare, education, research, arts, health, volunteer emergency services and the environment.
To view further detail, or to contribute to the Treasury Consultation by 6 May, click HERE
