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Asset protection for tax practitioners presentation

Published on 22 Mar 05 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

The Federal Government, the ATO and ITSA appear to be determined to render ineffective the asset protection strategies traditionally used by professionals to safeguard family assets from financial risk. The proposed sweeping changes to the bankruptcy laws set out in recent exposure draft legislation are clear evidence of this policy. Add to this the increase in professional negligence claims, the growing complexity of tax laws and problems with professional indemnity insurance and you have some very good reasons for practitioners to be concerned.

Matters covered in this presentation include:

  • bankruptcy laws and exposures
  • asset protection strategies
  • what approach will the Government take?
  • should I be using a service trust and/or a family trust?

Author profile

Kenneth Schurgott CTA-Life
Ken is a Solicitor - Director of Schurgott & Co Lawyers specialising in taxation matters (including State Taxes, stamp duty, payroll tax and land tax) and with extensive experience in business structuring, business sales and acquisitions, asset protection, succession planning and trust and estate law. Ken is very experienced in tax dispute matters, negotiations for settlements, mediations and conciliations and litigation. He regularly appears before the AAT and NCAT and instructs counsel in matters before the Courts. Ken chaired the Noosa Tax Intensive from 2005 to 2007 and was on the Organising Committee for a longer period. He was National President of the Institute in 2012. - Current at 04 January 2018
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Individual sessions

Asset protection for tax practitioners

Author(s):  Ken SCHURGOTT

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