Key Issues Affecting Trust Distributions

Some of the key issues associated with the distribution of trust income from a discretionary trust are listed as follows. However, it is important to be aware that this process will inevitably be different from one trust to another. This is because each trust presents...

Are you under the ATO’s audit microscope in 2018?

The Australian Taxation Office (ATO) and Federal Government have become concerned about the level of compliance in cash-based industries and there have been further developments in this area. In particular, the ATO and Federal Government have extended the taxable...

When can you take your super?

The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind. The...

Trustee Safeguards

Have you been appointed a trustee? Are you uncertain about taking a particular course of action on behalf of the beneficiaries or unitholders? Then you may wish to seek judicial advice from the Supreme Court of NSW. Judicial advice generally involves a determination...