How fixed is your trust - can you assume that it will survive a change of the ATO's present view? paper

Published on 07 Apr 06 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

"Fixed Trust" has become a recurrent building block in tax legislation however there are strong suggestions that the concept does not technically work in the manner that is suggested with potentially diabolical consequences in the future including:

• Where the concept of fixed trust is relied on in tax legislation
• Where courts are heading - the recent views of the High Court
• The concerns about the proper legal interpretation
• If you can't rely on the law can you rely on the Commissioner's discretion?
• Evolution of the concerns via the NTLG 

Author profile

Karen Rooke CTA

Karen is an Adjunct Professor of Taxation Law at the University of Sydney and a legal consultant at King & Wood Mallesons. Karen’s particular interest at the university and in practice involves the taxation of trusts and the funds management industry. Karen has presented many papers at Tax Institute functions and widely consults with various stakeholders, including the Board of Taxation. - Current at 31 January 2017

More by Karen ROOKE

• The new AMIT regime paper - 02-June-2016
• Assessing trust income for taxation purposes: the impact of Cajkusic and Bamford - 01-December-2009
• How fixed is your trust? - 01-July-2006
• Fixed and Non-Fixed Trusts - 01-April-2001
• Fixed and non-fixed trusts - 09-November-2000

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