Article
Binding Nominations under attack: Is your binding death benefit nomination really binding?
A document expressed to be a 'binding death benefit nomination' for his benefits in his
SMSF was found to be invalid,.
Cooper Grace Ward
- Article
Giving foreign pension funds a fair go - MIT withholding tax changes
Proposed amendments twill allow foreign pension and sovereign wealth funds to access the MIT withholding tax regime.
Corrs Chambers Westgarth - Video
It Depends – Do I pay stamp duty on a change of trustee?
This edition of 'It depends' discusses whether you need to pay stamp duty on a change of trustee.Cooper Grace Ward - Article
New South Wales Government Takes Aim At Subcontractor Retention Monies And Announces SOPA Overhaul
The New South Wales Government announced the implementation of a long-foreshadowed retention trust scheme for the holding of subcontractor retention monies.
Clyde & Co - Article
Restructuring - Part 3: The basic building blocks
For any structure, the basic building blocks need to be understood in respect of their commercial & tax factors relating to them.Pointon Partners - Article
The gap in unitholder rights
Whilst unit trusts have tax advantages, unitholders do not have same rights as shareholders regarding a way out.Carroll & O'Dea - Article
Time is running out! Amend your discretionary trust deed before 31 December 2020 – NSW foreign duty and land tax surcharges
Amend your discretionary trust deed if you own residential land in NSW. Why does this matter? What should you do?Cooper Grace Ward - Article
What are the common pitfalls in discretionary trusts?
Transcript & link to video discussing common pitfalls in discretionary trusts.Cooper Grace Ward - Article
How discretionary trusts are treated in family law matters
In family law matters, a Court will generally take a discretionary trust into consideration, including it as property.Coleman Greig Lawyers - Article
It Depends – Can I change the appointor of my trust?
This edition considers details of whether you can change the appointer of your trust, and the tax and duty consequences.Cooper Grace Ward - Article
It Depends – Should I have one or multiple testamentary trusts in my Will?
This edition of 'It Depends' discusses whether you should have one or more testamentary trusts in your Will.Cooper Grace Ward - Article
The family farm – When is the transfer of a farm to a relative duty free?
It is possible for a transfer of your farm to a relative or a family trust to be duty free under certain circumstances.Pointon Partners - Article
The use of discretionary trusts in estate planning
Discretionary Trusts are probably the most widely used type of trust, used to distribute income among family members.Coleman Greig Lawyers - Article
A win for the SMSF adviser – Fitzmaurice and Commissioner of Taxation
In this case, the AAT did not accept a director of an SMSF trustee blaming their accountant for SMSF compliance breaches.Cooper Grace Ward - Article
Check Self-Managed Super Fund (SMSF) fine print
Trustees must take steps to ensure that their SMSF is compliant with all of the relevant legislation and regulations.Mellor Olsson - Article
Project Bank Accounts (PBAs): What local governments need to be aware of
A PBA is a payment method for contractors, where a project-specific bank account is operated with a trust arrangement.HHG Legal Group - Article
Clarification of liquidator’s power to sell assets held on trust by company disqualified from acting as trustee
The case provides greater certainty to sell trust assets of a corporate trustee in liquidation without court approval.Corrs Chambers Westgarth - Article
Can a resolution creating a debt be a means by which trust money is advanced?
This decision is interesting for its discussion of equitable and common law actions arising against a trustee.
Holding Redlich - Article
Non-fixed trusts and FTEs
Family Trust Elections (FTEs) offer a significant tax advantage to non-fixed trusts but are not appropriate in all cases.Redchip Lawyers - Article
Reminder: Deadline to amend discretionary trust deeds for foreign surcharge purposes soon approaching
This reminder note is relevant to you if you own an interest in residential land in NSW via a discretionary trust.Holding Redlich
