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27 Sep 11 Decision Impact Statement - Bruton Holdings

The ATO has published a Decision Impact Statement in relation to the Full Federal Court's decision in Bruton Holdings Pty Limited (In Liq) v FCT [2011] FCAFC 79; 193 FCR 442. The case concerned whether a former corporate trustee was entitled to indemnification by exoneration or recoupment from trust assets for particular costs and expenses incurred after it became a bare trustee. The Full Federal Court held that it was so entitled.


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