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Tax implications of failed Managed Investment Scheme arrangements

Published on 15 Sep 2009 | Took place at Education Development Centre, Hindmarsh , SA

This event, part of the Bi-Monthly Briefing series, covered Managed Investment Scheme arrangements.

Use of Managed Investment Scheme (MIS) arrangements for forestry and non-forestry agribusiness projects has seen significant growth in the last 10 years, particularly in relation to the perceived tax benefits of using these structures. However, what are the tax implications where the Responsible Entity/Manager fails or the MIS arrangement is wound up?

This event considered the tax implications for Investors/Growers where the Responsible Entity/Manager is replaced or the Scheme is restructured or wound up. The event also highlighted the surprising different tax results for forestry versus non-forestry failed MIS agribusiness projects.

Individual sessions

Tax update

Author(s):  Alex DEMETRIOU This presentation covers all tax changes that have occurred in the past two months.

Materials from this session:

Managed investment schemes

Author(s):  Catherine FRAWLEY

This presentation covers:

  • history of MIS
  • forestry v non-forestry MIS
  • recent cases on non-forestry MIS
  • tax implications for investors when an MIS fails
  • winding up of an MIS
  • financing arrangements and MIS
  • ATO ruling on failed MIS arrangements
  • non-commercial losses changes - proposed legislation.
Materials from this session: