Land rich trust rules - impact on property trust managers paper

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?

Author profile

Steven STEVENS

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 - Current at 19 November 2004

More by Steven STEVENS

• Victorian duty update and practical compliance tips seminar paper - 28-October-2004
• Stamp duty treatment of non-private unit trusts Australia wide seminar paper - 30-July-2004
• State Tax Impediments to the Provision of Financial Services - the Reform Agenda seminar paper - 18-March-2004
• Reorganisations and disposals from within a consolidated group - 21-June-2002
• Stamping of multi-jurisdictional mortgages under the stamp duty rewrites - 01-June-2001
• Stamp duty on charges over bank deposits - 01-July-2000

Click here to expand/collapse more articles by Steven STEVENS.