Private Ancillary Funds Trustee Handbook
From PhilanthropyWiki
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From 1 October 2009 philanthropic trusts previously called Prescribed Private Funds (PPFs) became Private Ancillary Funds (PAFs). The legislative changes included the introduction of detailed Guidelines (Guidelines for Private Ancillary Funds, 2009).
This Handbook comments on what is required of the trustee, and directors thereof, of PAFs under the Guidelines and at law. It is not a legal document but a "plain English" introductory guide to the role and duties of the trustee(s) and all directors thereof.
It draws on general information on charitable trust governance contained in the Trustee Handbook: Roles and Duties of Trustees of Charitable Trusts and Foundations, published by Philanthropy Australia in 2008; detail about other charitable trust structures can be found in that document.
Workshops in conjunction with this book are being held around Australia. See the PAF Governance Workshop page on Philanthropy Australia's website for more information.