Taxation Administration Act 1953

This Subdivision deals with types of philanthropic trust funds known as public ancillary funds, private ancillary funds and community charity trusts.

The Minister must make guidelines determining when such trust funds are entitled to be endorsed as deductible gift recipients.

This Subdivision also provides for:

Table of sections

Public ancillary funds

426‑102 Public ancillary funds

426‑103 Public ancillary fund guidelines

426‑104 Australian Business Register must show public ancillary fund status

Private ancillary funds

426‑105 Private ancillary funds

426‑110 Private ancillary fund guidelines

426‑115 Australian Business Register must show private ancillary fund status

Community charity trusts

426‑117 Community charity trusts

426‑118 Community charity trust guidelines

426‑119 Australian Business Register must show community charity trust status

Administrative penalties

426‑120 Administrative penalties for trustees of ancillary funds

Suspension and removal of trustees

426‑125 Suspension or removal of trustees

426‑130 Commissioner to appoint acting trustee in cases of suspension or removal

426‑135 Terms and conditions of appointment of acting trustee

426‑140 Termination of appointment of acting trustee

426‑145 Resignation of acting trustee

426‑150 Property vesting orders

426‑155 Powers of acting trustee

426‑160 Commissioner may give directions to acting trustee

426‑165 Property vested in acting trustee—former trustees’ obligations relating to books, identification of property and transfer of property

Limitation on certain transfers

426‑170 Limitation on ancillary and community charity trust funds making certain transfers

Public ancillary funds