Published on 04 May 01
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
From January 1 2002, new legislation which changes the treatement of private trusts and private companies under the income and assets test may result in a significant change in a person's Centrelink entitlement. This paper discusses these issues in relation to: How attribution of the assets of the T&C will be decided; The options available; When to make the change; Late changes to policy/legislation.
Financial Industry Liaison & State FIS Coordinator, Centrelink. Mark has 27 years experience in Social Security policy issues,
13 years in financial information and provides the industry with technical information, updates and strategies. Current at 12 March 2004
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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