The erosion of asset protection presentation

Published on 15 Sep 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

People have long sought to protect their personal and business assets by separating ownership from risk. However, the Government now seems committed to giving creditors greater access to assets (including superannuation) controlled by a bankrupt and their associates. The Government's proposals have brought into question the ongoing effectiveness of common asset protection strategies. This presentation focusses on:

• the current bankruptcy rules and common asset protection strategies
• the content and current status of the Government's proposals
• the 2005 'Bankruptcy and family law' amendments
• the likely impact of the above on asset protection strategies going forward.

Author profile

Matthew Tripodi FTI

Matthew is the founder and Principal of MT Lawyers. He advises on all aspects of Superannuation, estate and succession law, with a specific focus on self-managed superannuation funds and complex estate planning. Prior to establishing MT Lawyers in Adelaide, Matthew had over 12 years' experience working in large commercial law firms. He was a Partner at Minter Ellison in Adelaide, heading up their Superannuation and Estate Planning division. Matthew has also lived and worked overseas in London and Hong Kong. - Current at 18 May 2015

More by Matthew TRIPODI

• Dying for a fight about super paper - 07-May-2015
• SMSF borrowing paper - 03-February-2012
• SMSF's: The preferred wealth creation vehicle - 01-June-2011
• SMSFs: The preferred wealth creation vehicle? paper - 14-April-2011
• Excess contributions tax - What is it and are there any remedies paper? - 30-July-2010
• Case studies and suggested solutions appreciating the risks: And making sure our clients appreciate them too paper - 16-October-2009
• Government's plan to simplify & streamline superannuation: where are we now? - summary of proposed changes paper - 24-November-2006
• The erosion of asset protection paper - 15-September-2006
• The government's plan to simplify and streamline superannuation: where are we now? Summary of proposed changes paper - 15-September-2006
• SMSFs and real property case study - 21-October-2005
• Investment Restrictions and Real Property Investments seminar paper - 09-June-2004
• Estate Planning Issues to be Aware of seminar paper - 12-February-2004

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