Government Announcements
Prescribed private funds
28.11.2008
On 26 November 2008, the Assistant Treasurer released a discussion paper to provide a point of reference for public submission on the Government’s 2008 Budget commitment to improve the integrity of prescribed private funds (PPFs). It was announced in the Budget that the Government would legislate guidelines to improve the integrity of PPFs and to provide the trustees of PPFs with greater certainty as to their philanthropic obligations. This measure is to have effect from 1 July 2009. Submissions should be provided by 14 January 2009.
For the text of the Assistant Treasurer’s media release, click here.
