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Trust distributions: the Commissioner speaks…


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:

Author Photo - Peter Slegers CTA
Peter Slegers CTA
Peter is a Partner at Cowell Clarke and heads up the firm's Tax & Revenue Group. He provides specialist tax advice to public accountants and a wide range of corporate and medium to large family businesses as well as high net worth taxpayers. Peter has had a significant involvement with trust structures throughout his career and is the author on topical tax issues in CCH Tax Week and Taxation in Australia. Peter has a Master's degree in Taxation Law and is a member of The Tax Institute's State Council. Current at 05 August 2015 Click here to expand/collapse more articles by Peter SLEGERS.
Andrea Michaels CTA
Andrea is a Managing Director with NDA Law Pty Ltd. Current at 12 August 2013 Click here to expand/collapse more articles by Andrea MELILLO.
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