Removing Barriers to Giving: PAF portability and easier share donation [Press Review]

Removing Barriers to Giving: PAF portability and easier share donation [Press Review]

Removing Barriers to Giving: PAF portability and easier share donation

by Krystian Seibert | Generosity Mag

At a meeting of not-for-profit sector representatives in Canberra on April 8, the Assistant Treasurer, the Hon Josh Frydenberg MP, announced that the Australian Government will move to address two existing barriers to giving…

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Holly’s Comments:

This is a short article about two recent announcements aiming to reduce red tape around giving.

The first relates to allowing PAFs that are winding up to distribute the remainder of their assets to other ancillary funds (e.g. public ancillary funds) which is not currently permitted by the legislation/Guidelines (the inability of PAFs to donate to public ancillary funds in general has been a contentious point). The second change aims to make share donations easier.

The changes haven’t been implemented yet, but the PAF-related announcement will ultimately see the PAF Guidelines 2009 amended to reflect this.

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