Philanthropy Australia has addressed the Australian Government's proposed reforms to rename Public and Private Ancillary Funds as 'Giving Funds'.
Philanthropy Australia addresses proposed reforms
The organisation supports some aspects of the reforms, including the name change and allowing funds to smooth distributions across multiple years. However, CEO Maree Sidey cautions against selectively implementing reforms while neglecting the Productivity Commission's key recommendation to overhaul the Deductible Gift Recipient (DGR) system.
