Published on 24 Jul 2006
| Took place at The Chifley at Lennons, Brisbane
In June 2005 the Australian Taxation Office issued a draft ruling regarding service trusts. On 20 April, after extensive consultation with professional and industry groups, the final ruling was issued. In these seminar materials, Bill Thompson
examines the final ruling, outlines where it differs from the draft ruling and previous practice, and
discusses whether service trusts are still an effective vehicle to utilise.
Author(s): William (Bill) D THOMPSON
Topics covered in this paper include:
The current state of play - what you need to do, including the safe harbours
Addressing compliance issues
Should you restructure? What are the options and implications?
How do you ensure professional clients have asset protection?
This paper was also presented at the 'Moving on with Service Trusts' seminar held in Brisbane on 24 July 2006.