Published on 21 Oct 99
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper goes through how trusts have been treated, the number of ways that any loop-holes have been corrected so far. Loop-holes such as anti avoidance measures, division 45, Pt IVA - these have been dealt with by the courts. The parliament has also closed a number of loop-holes such as with Division 7A.
Terry, QC, CTA, is a Barrister at Chancery Chambers. He practises at the Victorian Bar in revenue law, trust and superannuation law, corporations law and commercial law, and has appeared for both taxpayers and the Commissioner in the High, Federal and Supreme Courts. Terry is a member of the Taxation Committee of the Business Section of the Law Council of Australia, a member of the Melbourne Law Masters Tax Advisory Board at the University of Melbourne (where he lectures in the LLM program), the Bar's representative on the School of Law Program Advisory Committee of Victoria University and a frequent presenter at state and national conferences of The Tax Institute and other professional bodies. Terry was appointed Special Counsel to the ATO from 2008 until 2010.
- Current at
12 January 2017