Auditing and Taxation Accountants
Atanasov Audit and Consulting

Sydney CBD office location.
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Atanasov Tax Auditor

Private Ancillary Funds

A Private Ancillary Fund (PAF) allows individuals, families or associations to create their own charitable foundation.

As of 1 October 2009, Private Ancillary Funds must obtain Deductible Gift Recipient endorsement by the ATO.

As outlined by The Private Ancillary Fund Guidelines 2009, the trustee of the PAF must keep proper accounts in respect of all payments and receipts of the fund, as well as prepare financial statements showing the financial position of the fund at the end of each financial year.

 
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