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Changes to Bankruptcy Rules paper

Published on 25 May 07 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Significant changes to the Bankruptcy Act will mean greater powers to trustees to claw back assets transferred to related entities and third parties. These changes will impact on asset protection strategies and wealth accumulation strategies for high net worth individuals. This session will focus on:

  • Changes enacted by the Bankruptcy Legislation Amendment (Anti-Avoidance) Act 2006
  • Changes to apply from July 2006 upon enactment of the Bankruptcy Legislation Amendment (Superannuation Contributions) Bill 2006
  • Recent decisions in the area of bankruptcy and what they mean for clients
  • The scope of legal professional privilege in the context of advice given by advisors on asset protection strategies

Author profile:

Anastasia Tsekouras
Anastasia currently practices at the Bar in NSW, principally in areas of revenue law, equity and commercial law. After being admitted as a Solicitor in 1984, she has done a variety of commercial, financing and revenue law work. In 2002 she joined Ernst & Young following the mergerbetween Ernst & Young and former Andersen firm. Here, Anastasia worked on a number of large transactions - Acquisitions and disposals of assets, floats and company group reorganisations. Current at 18 May 2010 Click here to expand/collapse more articles by Anastasia TSEKOUROS.
 

This was presented at Manoeuvring the Maze: Tax Forum.

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