Trust distributions: the Commissioner speaks…

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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

Peter Slegers CTA

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

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Succession planning – The superannuation issues paper - 15-September-2017
Judged by your deeds - 01-September-2017
CGT cap and SMSFs — unlocking the opportunities - 24-August-2017
Judged by your deeds paper - 16-March-2017
Transitional CGT choices to be made by SMSFs - 01-February-2017
Accessing value from companies commercial and tax effective strategies paper - 13-October-2016
Brave new world … recent developments in duty law - 01-October-2016
Clear exits — the transaction issues - 20-June-2016
Business succession agreements for agribusiness paper - 31-July-2015
Business real property strategies for SMSFs paper - 12-June-2015
Trust distribution: The good, the bad and the ugly...presentation - 07-October-2013
Reaping what you sow...some notes on primary production land restructure paper - 19-March-2013
Unlocking the value of SMSFs in acquisitions and business restructures - 01-February-2013
Unlocking the value of SMSFs in acquisitions and business restructures paper - 06-August-2012
The 30 June deadline for effective trust distribution minutes paper - 17-May-2012
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Effective trust deeds and trust resolutions achieving the desired outcomes in a climate of uncertainty paper - 14-March-2012
The life and death of an SMSF pension: Tax and succession planning - 01-December-2011
SMSF pensions: Tax and succession planning paper - 26-September-2011
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Trust distributions: The Commissioner speaks paper - 29-October-2009
Trust distributions: The practical issues paper - 04-August-2009
The Bamford decision and trust net income ... the saga continues. - 24-June-2009
Trust distributions: Achieving the desired outcomes paper - 07-May-2009
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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

More by Andrea MELILLO

Incapacity: Who can sign the cheques? paper - 29-July-2013
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Click here to expand/collapse more articles by Andrea MELILLO.

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