Emil Ford Lawyers

Boosting Philanthropy in Australia

Two new measures to increase philanthropy in Australia have been put in place by the Prime Minister’s Community Business Partnership.

  1. Donors no longer need to pay a $241 fee to the ATO for valuations of listed shares or managed funds greater than $5,000; and
  2. Private ancillary funds now have the increased flexibility to transfer their net assets to other ancillary funds during the winding up phase. Public ancillary funds already had this option available to them.

Read the Assistant Treasurer’s media release …

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