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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

This was presented at 40th South Australian State Convention: Let's Celebrate .
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Managing ATO contact and tax disputes
Author(s): Scott BRYANTMaterials from this session:
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Tax issues relating to debts
Author(s): Paul TANTIMaterials from this session:
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The right side of the law - Financial Services Reform Act and investment advice
Author(s): Shannon COATESMaterials from this session:
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The legacy of Justice Graham Hill
Author(s): The Hon. Justice Ian GZELLMaterials from this session:
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GST and adjustments: a GST horror!
Author(s): David KUHNEMaterials from this session:
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Practical guide to using trust losses
Author(s): Arlene MACDONALDMaterials from this session:
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Advising a client who is buying a company from a tax consolidate group
Author(s): Alistair HutsonMaterials from this session:
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Paying death benefits from superannuation funds
Author(s): Tony SIMMONSMaterials from this session:
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Risk managing your documentation
Author(s): Michael FAIRLIE, Karen ADAMSMaterials from this session:
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Where's the value shift? - hits and misses
Author(s): Marc ROMALDIMaterials from this session:
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Super splitting
Author(s): Steven WILDMaterials from this session:
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Recent developments in GST and property
Author(s): Lachlan R WOLFERSMaterials from this session:
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Practical CGT problems in developing residential property
Author(s): Gordon S COOPERMaterials from this session:
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The erosion of asset protection
Author(s): Matthew TRIPODIMaterials from this session:
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Discretionary trusts: where are we now with splitting and cloning?
Author(s): Andrew SINCLAIRMaterials from this session:
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