Document ID: chunk:federal_register_of_legislation:F2024L00550:reg:13
Version: federal_register_of_legislation:F2024L00550
Segment Type: reg
Provision Reference: reg 13
Character Range: 27773–28906

13  Requirement to lodge an ancillary fund return
  Under section 163 of the ITAA 1936, every person that is a trustee of a public ancillary fund (within the meaning of subsection 426‑102(1) in Schedule 1 to the TAA) or a private ancillary fund (within the meaning of subsection 426-105(1) in Schedule 1 to the TAA) is required to lodge an ancillary fund return for the 2024 year.
Note 1: An ancillary fund return must be in the approved form. For public ancillary funds and private ancillary funds registered as a charity with the ACNC, the ACNC annual information statement that must be lodged with the Commissioner of the ACNC is the approved form for the ancillary fund return.
Note 2:  A trustee of a public ancillary fund or a private ancillary fund that is not registered as a charity with the ACNC and that derived income (including capital gains) during the 2024 year is also required to lodge an income tax return under subsection 6(6) of this instrument.
Note 3:  A trustee of a public ancillary fund or a private ancillary fund is required to lodge an ancillary fund return even if its income is exempt from income tax.