Published on 29 Oct 09
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This presentation covers:
- background and implications of PSLA 2009/7 and PSLA 2005/1 (GA) for discretionary trusts
- practical approaches to dealing with discrepancies between trust income and tax net income under PSLA 2009/7
- is streaming still possible?
- when are amended assessments required?
- unpaid present entitlements - can they ever be treated as loans?
Peter heads Cowell Clarke's tax and revenue practice group. He advises and acts for a wide range of public and private companies as well as for the trustees of self managed superannuation funds. Peter’s areas of expertise include: income tax (as it impacts on business and high net worth clients); capital gains tax; goods and services tax; state taxes and superannuation law. Peter is regularly involved in advising SMSF trustees on issues associated with superannuation income streams. Peter is a member of the Australian Institute of Company Directors and the SMSF Professionals Association of Australia Ltd in addition to being a member of the Tax Institute’s South Australian State Council.
- Current at
08 October 2019