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Partnerships of Trusts—The Practical Issues

Published on 28 Oct 2008 | Took place at Kooyong Tennis Club, VIC

This event was repeated in NSW on 9 December 2008 at Swissotel.

Partnerships of trusts have become a common feature of modern SME structuring. In many respects they are a natural extension of traditional partnerships, but provide the additional benefits of greater flexibility in distributions plus the protection of the corporate veil. However they can also involve administrative complexity and hidden traps. These can affect not only day-to-day operational matters such as ABN and TFN registrations, but can also impact on recognition by statutory bodies and professional associations. Advisors dealing with these structures must have a clear understanding of their legal nature and operational peculiarities.

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Individual sessions

Partnerships of trusts—The practical issues

Author(s):  Mark NORTHEAST

This paper covers:

  • practical structural issues arising out of the use of structure, including the role of nominees, managers and agents
  • administrative issues arising out of the structure generally
  • specific issues affecting professional practices, including regulatory registrations and recognition.
Materials from this session:

Partnerships of trusts—Practical legal issues

Author(s):  Jeffrey CHANG

This paper covers:

  • ensuring that the structure is treated as a partnership for tax purposes
  • legal aspects of dealing with third parties through the structure
  • important issues for partners' interests under the structure.
Materials from this session: