ARTICLE · 09 SEPTEMBER 2012

Public Ancillary Fund Returns 2012 to be lodged

Makinson d'Apice Lawyers

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Operators of Public Ancillary Funds have been requested by the ATO to lodge their 2012 Public Ancillary Fund Returns.

AustraliaTax

Belinda Huang

Summary - Public Ancillary Funds should lodge their Public Ancillary Fund Returns.

For those operating a Public Ancillary Fund, you may have received a notice from the ATO requesting that a Public Ancillary Fund Return be completed and submitted for the year ending 30 June 2012.

The requirements relating to Public Ancillary Fund Returns are set out in the Public Ancillary Fund Guidelines 2011.

The Return will require Public Ancillary Funds to provide an estimate of the market value of its assets as at 30 June 2012.

The Guidelines also require a Public Ancillary Fund to make minimum distributions of:

at least 4% of the market value of the Fund's net assets (as at the end of the previous financial year); or

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