Carroll & O'Dea Facebook Other Coronavirus Responses for Ancillary Funds - Carroll & O'Dea Lawyers

When it matters,
you need the
right commercial advice

Contact Us

Back to ""

Publications

Other Coronavirus Responses for Ancillary Funds

Other Coronavirus Responses for Ancillary Funds

The ancillary fund guidelines have been revised to enable deductible gift recipients to receive increased distributions to assist them navigate the challenging effects of COVID-19.

Covid-19 extensions allow ancillary funds to exceed their minimum annual distribution rate above five percentage points in the financial period 2019-2020 and 2020-2021 allowing them a lower minimum distribution rate in future years. This is to facilitate increased availability of funding to the DGR destinations of distribution from public or private ancillary funds.

Josephine Heesh, Partner 

Need help? Contact us now.

We're here to help. For general enquiries email or call 1800 059 278.
For Business lawyers call +61 (02) 9291 7100.

Contact Us