Published on 09 Oct 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper was also delivered at the event Trust Distributions - Where Are We At? in Melbourne on 13 November 2009.
This paper covers practical issues and questions relating to trust distributions and approaches taken in drafting distribution minutes and resolutions in the light of the recent decision of the Full Federal Court in Bamford.
- examines the principles that govern the taxation of distributions
- reviews the critical factors to consider when drafting valid distribution resolutions
- provides an overview and critique of some sample distribution minutes and resolutions.
Nabil (Bill) F. OROW
Bill is a practising member of the Victorian Bar and specialises in taxation and corporations law and is also the Director of the Postgraduate Taxation Program at Monash University. Bill has published widely in taxation and structured finance including two books (one joint with others) and a number of papers. Bill previously has taught a course on anti avoidance rules at Cambridge University and gave a lecture on that topic at Oxford.
Current at 13 November 2008 Current at 12 January 2009
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