This session delves into the tax and regulatory complexities facing operators
of investor-directed portfolio services (IDPS), wrap platforms, nominee and bare
trust arrangements. It unpacks the practical and compliance challenges in
managing these structures, with a focus on characterisation, governance and
reporting obligations across multiple tax regimes.
This session explores:
- Common structures and types of arrangements;
- Characterisation of arrangements and tax implications;
- Policies, governance and compliance frameworks;
- Income tax obligations for operators;
- Managing foreign income tax offsets (FITOs) and foreign tax reclaims;
- Foreign-sourced income considerations;
- GST implications for operations; and
- Other reporting and disclosure obligations.