Ancillary funds : reminder of guideline changes due to COVID

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Written By Carlie Clark

In June 2020, the ancillary fund guidelines were amended to encourage increased distributions to DGRs as a result of the COVID-19 pandemic.

  • Ancillary funds have until 30 June 2021 to increase their distributions in line with the amendments to be eligible for a lower minimum annual distribution rate in future years.

  • Ancillary funds are advised, they must comply with the ancillary fund guidelines, and failure to do so may result in the imposition of penalties.

Carlie Clark
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