Published on 29 Jul 05
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This paper covers:
- inter-jurisdictional differences in land rich/unit trust rules: the three models
- should we differentiate: companies and trusts/public and wholesale trusts/requirements for trusts to be registered?
- application of land rich rules to managed funds
- land rich issues when class rights of unit holders are changed: Lam v Kym (Vic 2004)
- future reform: should we bother pursuing a uniform model?
- do we need a separate regime for managed funds and qualified investors, particularly given the introduction of NSW vendor duty?
Steve is a Banking and Finance Partner in the Melbourne office of Freehills, specialising in state taxes and financial services. Steven originally trained and practised as an economist and was a Victorian Treasury official prior to commencing legal practice in 1988. He advises a number of industry bodies on stamp duty and other state taxes. He is also an elected member of the Council of the Law Institute of Victoria and a member of the Victorian Governments State Taxes Consultative Council.
Current at 9 June 2005