Booklet: Private Ancillary Funds (PAFs) (Chapter 1 – Giving back to the community)
Below is Chapter 1 of our ‘Private Ancillary Funds’ booklet. To read the other chapters of our booklet, click the links below: Chapter 2 – Brief history Chapter 3 – An overview of ancillary funds Chapter 4 – What is a PAF? Chapter 5...
Leaving a lasting legacy: how to gift money to charity in your Will
When clients sit down with us to talk about their Will, the conversation often turns to something deeper than assets and tax, it turns to impact, legacy, and the people and causes that have shaped their lives. Many of our clients want their Will to quietly keep doing...
Can a PAF acquire an asset from a founder or other related party?
In summary, a PAF can acquire an asset from the founder (or associate). However, the transaction must be consistent with the PAF’s Investment Strategy and entered into (and maintained) on an arm’s length commercial basis.
Presentation: PAFs – November 2022
Please find below a copy of the slide deck for our presentation on Private Ancillary Funds in November 2022 For further information about the issues raised in this Seminar, please contact us on 1300 654 590 or by email. To download our slide deck, enter your email...
What do I need to do to ensure my Private Ancillary Fund remains compliant?
Have you set up a Private Ancillary Fund (PAF) lately? Or are you thinking of setting up a PAF for charitable purposes, potentially endorsing it as a Deductible Gift Recipient? We know you did this (or want to do this) to jump start private philanthropic charitable donations. But now comes the tricky part: the rules, regulations, and ongoing obligations surrounding your PAF’s operation.