BUSINESS & WEALTH STRUCTURING
(COMMERCIAL LAW) ARTICLESRelated Party LRBAs and PCG 2016/5: A review and recommendations for Trustees for Smooth Sailing
The release of PCG 2016/5 comes as no surprise, which follows on the back of the Australian Taxation Office (ATO) publications ATO ID 2015/27 and ATO ID 2015/28, which set the tone for related party Limited Recourse Borrowing Arrangements (LRBAs). The ATO’s 2015...
A complying self-managed superannuation fund may be settled by an instrument having the effect of a deed – allowing for execution by digital signature
A complying self-managed superannuation fund (SMSF) is a trust at law, which is subject to the requirements and restrictions of the Superannuation Industry (Supervision) Act (SISA), Superannuation Industry (Supervision) Regulations (SISR), Income Tax Act Assessment...
SMSF Blueprint – a welcome resource for superannuation trustee planning and strategy
"SMSF BLUEPRINT" LAUNCH - A WELCOME RESOURCE FOR SUPERANNUATION TRUSTEE PLANNING AND STRATEGY During the last year, it has been my pleasure to assist Julie Dolan, of SMSF Blueprint, with ideas and concepts desperately needed by our clients who utilise self-managed...
Privacy Obligations for the Community Organisation
It is commonly misunderstood that community organisations and/or non-profits are not encumbered by duties burdening the commercial sector. To an extent, that is true. However, when the question relates to the collection and use of personal information - even the...
Tax Awareness for Family Law Settlements Critical
It comes as no surprise that the Tax Office has delivered its TR 2014/5 finding that distributions of property or money from a company as a consequence of Family Court Orders constitute assessable income. TR 2014/5 does, however, remind practitioners and parties that...
Straight Talk about Debt Recovery
So you have an outstanding debt and you would like to collect it? Your letters to the debtor have not brought about payment. You are at a loss as to what to do next – should you refer your debt to a collection agency? Should you seek assistance from a lawyer? This...