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Trusts, estate planning and disputes — Tips and traps for dealing with trusts as part of an estate plan

Trusts, estate planning and disputes — Tips and traps for dealing with trusts as part of an estate plan

by Steven Jell and Hayley Mitchell | Apr 22, 2021 | Blog

Flexibility is an inherent feature of discretionary trusts. However, this makes it difficult to provide certainty in how the assets of the trust will be dealt with after death. Generally, a person will want their trust to continue after their death for the benefit of...
Scott Morrison to spend extra $539 million on new ‘clean’ energy projects

Scott Morrison to spend extra $539 million on new ‘clean’ energy projects

by Shared by the ABC | Apr 21, 2021 | News

The announcement comes just days before US President Joe Biden’s climate summit, where 40 leaders, including the PM, will be asked to explain what they are doing to curb climate change. Read more at the ABC. 
ATO kicks off work on new centralised business mailbox

ATO kicks off work on new centralised business mailbox

by Shared by Accountants Daily | Apr 21, 2021 | News

The ATO is currently seeking tenders for the construction of a new centralised government email inbox that will provide Australian businesses with a secure vehicle for correspondence with all government agencies by April 2022. Read more at the Accountants...
AAT affirms disqualification of SMSF trustees

AAT affirms disqualification of SMSF trustees

by Shared by SMSF Adviser | Apr 20, 2021 | News

The decision involves Gordon Merchant, founder of the famous Australian surf company Billabong, along with former director Collette Paull. Read more at SMSF Adviser. 
‘Extremely risky’ bank request on the rise, accountants warned

‘Extremely risky’ bank request on the rise, accountants warned

by Shared by Accountants Daily | Apr 20, 2021 | News

The practice of banks asking accountants to sign off on a client’s ability to repay a loan has been a cyclical issue for the profession, but the trend has now extended to real estate agents and landlords who are flocking to accountants to shore up rental applications....
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