On Wednesday 31 October 2012, Steve Westaway CTA (Grant Thornton) attended the inaugural meeting of the NTLG Professional Practice Structures Working Group. At the meeting, members canvassed the following issues for prioritisation by the group to consider:
- Service trusts;
- Incorporation of Goodwill and No-Goodwill partnerships and conversion between such partnerships;
- Limited liability partnerships;
- Partnerships of trusts;
- Levels of income and alienation of income;
- Everett assignments; and
- ATO Audit activity.
Members who require further information in relation to the above should contact us at Tax Policy.