Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_15:p20
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 15 (pt 20/39)
Character Range: 1862423–1865545

the purposes of which it is endorsed.
Note 2: For entities and government entities that are endorsed under section 30‑120 of the Income Tax Assessment Act 1997, see section 30‑229 of that Act.
 (2) The *Australian Business Registrar may remove the statement from the *Australian Business Register after the end of the period.
 (2A) If the endorsed entity is also registered under the Australian Charities and Not‑for‑profits Commission Act 2012 as an entity of a particular type or subtype, the *Australian Business Registrar must also enter in the *Australian Business Register:
 (a) a statement that the entity is so registered; and
 (b) a statement as to the date of effect of the registration.
 (2B) The *Australian Business Registrar may remove the statements from the *Australian Business Register if the registration is revoked under the Australian Charities and Not‑for‑profits Commission Act 2012.
 (3) The *Australian Business Registrar must take reasonable steps to ensure that a statement appearing in the *Australian Business Register under this section is true. For this purpose, the Registrar may:
 (a) change the statement; or
 (b) remove the statement from the Register if the statement is not true; or
 (c) remove the statement from the Register and enter another statement in the Register under this section.
 (4) Making, changing or removing an entry in the *Australian Business Register as required or permitted by this section does not contravene section 355‑25 or 355‑155.

Subdivision 426‑D—Ancillary and community charity trust funds

Guide to Subdivision 426‑D

426‑100  What this Subdivision is about

      This Subdivision deals with types of philanthropic trust funds known as public ancillary funds, private ancillary funds and community charity trusts.
      The Minister must make guidelines determining when such trust funds are entitled to be endorsed as deductible gift recipients.
      This Subdivision also provides for:
             (a) penalties for trustees who fail to comply with the applicable trust fund guidelines, and the liability of directors of trustees to pay those penalties in certain circumstances; and
             (b) powers for the Commissioner to suspend or remove trustees who breach their obligations.

Table of sections

Public ancillary funds
426‑102 Public ancillary funds
426‑103 Public ancillary fund guidelines
426‑104 Australian Business Register must show public ancillary fund status

Private ancillary funds
426‑105 Private ancillary funds
426‑110 Private ancillary fund guidelines
426‑115 Australian Business Register must show private ancillary fund status

Community charity trusts
426‑117 Community charity trusts
426‑118 Community charity trust guidelines
426‑119 Australian Business Register must show community charity trust status

Administrative penalties
426‑120 Administrative penalties for trustees of ancillary funds

Suspension and removal of trustees
426‑125 Suspension or removal of trustees
426‑130 Commissioner to appoint acting trustee in cases of suspension or removal
426‑135 Terms and conditions of appointment of acting trustee