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Trust distributions: the Commissioner speaks…

Published on 01 Nov 09 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

PS LA 2009/7 is the latest development in the ongoing saga of the proper treatment of trust net income. This article traverses some of the significant issues raised by the Practice Statement and their implications for the preparation of trust distribution minutes. Clearly, advisers need to exercise a high degree of diligence in this area.

Author profiles:

Andrea MELILLO

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Peter SLEGERS

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