Published on 28 May 09
by VICTORIAN DIVISION, THE TAX INSTITUTE
Geared unit trusts were once the preferred tool for indirect super fund borrowings. Amendments to the in-house asset rules from 11 August 1999 brought an end to this practice, but pre-August 1999 structures received grandfathering protection via transitional rules and are considered by many to be like gold. But these transitional rules end on 30 June 2009. This paper addresses the consequences for super funds, including what:
- happens to existing pre-August 1999 unit trusts after 30 June 2009?
- action do you need to take?
Jeffrey is a Partner at Thomson Geer, where he advises on a wide range of taxation, structuring and superannuation issues with a focus on privately-held businesses and high wealth family groups. His is accredited by the Law Institute of Victoria as a taxation specialist. He has held a variety of committee roles with The Tax Institute and is presently a member of the Victorian State Council. Jeffrey is the author of numerous tax articles published in professional journals, and a regular presenter at The Tax Institute's seminars.
- Current at
30 August 2017