Published on 30 Oct 2008
| Took place at Leonda by the Yarra, Hawthorn
This event was part of the Breakfast Club series.
When assessing a tax effective product there is a lot of fine print which is ignored or misunderstood. Further,
financial services laws and professional standards may be broken in addition to tax laws. As a result, a tax
effective product may not only result in tax litigation with the ATO but in commercial litigation between clients,
advisers, financiers and promoters. It can also result in investigations and intervention by regulatory
This event discussed some unknown traps with tax effective products.
The unknown traps with tax effective products
Author(s): Andrew COX
This paper covers:
the nature of risks with tax effective products
some risks that should never be incurred by clients or their advisers
using your letter of engagement to "frustrate" litigation lawyers
Financial Services Licensing exemptions, professional standards exposures and commission payments
risk indicators - using the benefit of hindsight for the future