Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 23 results for "Discretionary trust"

Magellan retirement product nears launch

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... investors who exit the fund may not be able to recover all their contributions. Magellan is expected to seed a discretionary trust called the "FuturePay Support Fund" from its balance sheet to kickstart the mortality component. The support fund will ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... Financial. CountPlus holds an 85% stake in Count Financial and together with a special purpose subsidiary of a discretionary trust; CountPlus acquired the firm from CBA on 1 October 2019. "In connection with the acquisition, CBA provided an indemnity ...

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
The Labor Government is proposing to eliminate cash refunds received from excess dividend imputation credits - a "generous" tax loophole that's mostly benefiting self-managed super funds. Shadow treasurer Chris Bowen said this "unfair revenue leakage" ...

Successful advisers integrate estate planning

KARREN VERGARA  |  FRIDAY, 22 SEP 2017
... necessarily correct for another, Hacker said. With the Labor Party recently proposing it is cracking down discretionary trust tax loopholes, Hacker said this has small business owners concerned. Numerous small and family businesses legitimately use these ...

Investors short on tax-effective structures: Centuria Life

EMMA RAPAPORT  |  THURSDAY, 17 AUG 2017
Changes to superannuation and news Bill Shorten has discretionary family trusts in his sights is making investors worried about their investment future. Centuria Life general manager Neil Rogan says if family trusts are taxed at 30%, as per Bill Shorten's ...

Discretionary trusts crackdown short-sighted

KARREN VERGARA  |  FRIDAY, 4 AUG 2017
The Labor government's proposed crackdown on discretionary trusts is "short-sighted" and "anti-family" given the broader tax system isn't operating on a level playing field, an industry expert says. In response to Opposition Leader Bill Shorten proposing ...

Labor cracks down on discretionary trusts

KARREN VERGARA  |  MONDAY, 31 JUL 2017
Opposition Leader Bill Shorten is cracking down on high-income earners exploiting a trust loophole that minimises tax bills. The Labor leader is pledging to impose a minimum 30% tax rate on the distributions of discretionary trusts to beneficiaries ...

The challenges of modern estate planning

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
Ageing populations giving rise to an increasing number of blended families will drive up complexity in estate planning, according to Bartier Perry Lawyers executive lawyer Chris Tsovolos. Speaking at the inaugural Financial Standard Best Practice Forum ...

Topdocs extends ABN and TFN automation

MARK SMITH  |  MONDAY, 20 JUN 2016
Following on from its automation of the Australian Business Number and Tax File Number application process for SMSFs, Topdocs has now extended the time saving feature to companies and trusts in what it says is an industry first. With over 200,000 companies ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
... property development on the Gold Coast, of which Drake was the sole director as well as the beneficiary of a discretionary trust, managed by another company controlled and owned by him, that held all the beneficial ownership in the company. Through numerous ...