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A Tax Focus for Small Business and the Rural Industry

Published on 21 May 2004 | Took place at Ballina Beach Resort , NSW

This seminar covered:
- Tax Ambush for SMEs & Rural Business Structures - Value Shifting
- Section 109XB - A New Slant on an Old Problem
- Superannuation - A New Future
- Asset Protection - How safe are they?

Get a 20% discount when you buy all the items from this event.

Individual sessions

Asset Protection

Author(s):  Ken SCHURGOTT The Commonwealth Government has signalled its intention to change bankruptcy laws to penetrate trusts, companies and other entities which shelter assets of high net wealth individuals. Accounting and legal professionals are directly in the Government's sights. The proposed measures will adopt a Family Court style look through approach ignoring form and accessing those assets that a bankrupt would have recourse to on a notional divorce.

This paper covers:
- the relevant rules of bankruptcy
- financial risk planning
- why discretionary trusts work
- the Family Court look through approach.

This paper has been slightly updated since it was first presented by Ken Schurgott at the Asset Protection: Structuring for Asset Protection for High Risk Professionals seminar held in Sydney on 3 July 2003. Ken also presented it on 6 March 2004 at the North Queensland Tax Convention held in Townsville and at the Asset Protection for Tax Practitioners seminars held in Sydney on 7 September 2004 and Parramatta on 9 September 2004.

Materials from this session:

Section 109U(X)B - Squib or Double Bunger?

Author(s):  Ken SCHURGOTT This paper presents an analysis of proposed new Subdivision EA of Division 7A.

This paper was also presented by Greg Ganz at the A Tax Focus for Small Business and the Rural Industry seminar held in Ballina on 21 May 2004.

Materials from this session:

The Practicalities of Value Shifting

Author(s):  Lachlan R WOLFERS This seminar paper covers the following issues:
- accessing the myriad of different exceptions under new value shifting rules
- direct value shifting - an examination of changes from old Div 140
- indirect value shifting - the practical shifting implications of these new provisions
- an analysis of specific value shifting issues commonly arising for business, such as dividend access shares, debt forgiveness, interaction with demergers and consolidations.

This paper was also presented by Ken Schurgott at the A Tax Focus for Small Business and the Rural Industry seminar held in Ballina on 21 May 2004.

This is a slightly modified version of a paper presented by the author at the 11th National Tax Intensive Retreat in Noosa on 21 August 2003.

Materials from this session:

Still super despite all the years?

Author(s):  Andrew SKINNER This seminar paper covers the following topics:
- the Government's 25 February announcements
- continuing to work while retired
- not having to work to contribute
- changes to the preservation rules - new restrictions
- growth tensions - extensions of complying status to new market linked income stream products.

Materials from this session: