Sladen Snippet - Treasurer announces major changes to Div 296 tax – including removal of tax on unrealised gains

Sladen Snippet - Treasurer announces major changes to Div 296 tax – including removal of tax on unrealised gains

Division 296 tax to be amended to remove taxation of unrealised capital gains, according to a media release by Federal Treasurer Jim Chalmers.

 

#superannuation #SMSF #tax #Div296 #totalsuperbalance #$3million #unrealisedgains

Changing a Franchise Business Structure: Take Aways from Netdeen Pty Ltd v Lindfield Pty Ltd

Changing a Franchise Business Structure: Take Aways from Netdeen Pty Ltd v Lindfield Pty Ltd

The 28 August 2025 decision of the Court of Appeal of New South Wales in Netdeen Pty Ltd (t/as GJ Gardner Homes) v Lindfield NSW Pty Ltd[i] highlights several important considerations for franchisees and franchisors alike when changing a business structure.

Franchisors should have consideration to the impact that this may have on their existing contractual obligations. Franchisees need to be aware of whether their existing agreements allow for this possibility and consider this prior to entering into a franchise agreement.

The decision also highlights the importance of clear drafting in contracts, even where there has been ostensible agreement between the parties.

Bendel Part III: summary of the parties’ submissions

Bendel Part III: summary of the parties’ submissions

The article explains the arguments contained in the parties’ submissions to the High Court in the appeal by the Commissioner of Taxation (Commissioner) from the Full Federal Court’s (Full Court) decision in Commissioner of Taxation v Bendel [2025] FCAFC 15 (Bendel). 

Super and death case studies part 3 – tax issues where BDBN directs death benefit payment of large property in-specie

Super and death case studies part 3 – tax issues where BDBN directs death benefit payment of large property in-specie

This article is the third in a three-part series setting out practical solutions to common issues in super, tax and estate planning, with a particular focus on the tax impact of payments to beneficiaries.

 

Part 3 of our series looks at the tax issues which should be considered when paying death benefits in specie, including capital gains tax and the super ‘death tax’.

 

#superannuation #SMSF #deathtax #deathbenefits #estateplanning #deathbenefitdependant #CGT #inspecie #BDBN

Sladen Legal’s Tax Practice Recognised In Doyles Guide Victoria 2025

Sladen Legal’s Tax Practice Recognised In Doyles Guide Victoria 2025

Sladen Legal has been recognised as a Third Tier Leading Tax Law Firm in Victoria for 2025 by Doyle's Guide. Doyle's Guide is a respected and independent directory that highlights Australia’s top firms and legal professionals.

Super and death case studies part 2 – super ‘death tax’ and achieving equality between beneficiaries

Super and death case studies part 2 – super ‘death tax’ and achieving equality between beneficiaries

This article is the second in a three-part series setting out practical solutions to common issues in super, tax and estate planning, with a particular focus on the tax impact of payments to beneficiaries.

Super and death case studies part 1 – pre-death withdrawals

Super and death case studies part 1 – pre-death withdrawals

This article is the first in a three-part series setting out practical solutions to common issues in super, tax and estate planning, with a particular focus on the tax impact of payments to beneficiaries.

Part 1 of our series looks at how withdrawing super benefits before death can form part of a member’s overall estate planning.

Victory International– Hybrid unit trusts subject to landholder duty

Victory International– Hybrid unit trusts subject to landholder duty

The Victorian Supreme Court has held that acquisitions of units in hybrid unit trusts are potentially subject to landholder duty.

The case has wide impact with potentially absurd outcomes for some taxpayers.

All Things Being Equal in the Estate Plan – Then There’s the Tax

All Things Being Equal in the Estate Plan – Then There’s the Tax

With the best of intentions an estate plan often sets out to treat the beneficiaries on equal terms. However, it may not be until the estate is being administered that tax rears its head in some form or another so that one beneficiary’s share is diminished by the potential tax consequences attached to a certain asset including superannuation.

Sladen Legal’s Succession Planning team Recognised In Doyles Guide Victoria 2025

Sladen Legal’s Succession Planning team Recognised In Doyles Guide Victoria 2025

Doyle’s Guide is a comprehensive and independent directory which showcases Australia’s best firms and lawyers. The 2025 listing of leading Victorian Wills, Estates & Succession Planning Law Firms details law firms practising within the areas of Wills, Estates and Succession Planning matters in the Victorian legal market who have been identified by their peers for their expertise and abilities in these areas.

How Do You NALE NALI? Understanding Non-Arm’s Length Dealings in SMSFs

How Do You NALE NALI? Understanding Non-Arm’s Length Dealings in SMSFs

The Australian Taxation Office (ATO) has made it clear: when a self managed superannuation fund (SMSF) receives services or assets on non-commercial terms - or fails to incur necessary expenses - the result can be harsh. Non-arm’s length expenditure (NALE) can trigger nonarm’s length income (NALI), exposing the fund to significant tax consequences.

Federal Court Ruling Highlights Risks of Unsubstantiated Franchise Forecasts

Federal Court Ruling Highlights Risks of Unsubstantiated Franchise Forecasts

The Federal Court decision in Girchow Enterprises v Ultimate Franchising Group [2023] FCA 420 is a reminder that if you make financial claims about future profits or startup costs without a solid basis, you could be liable for misleading and deceptive conduct under the Australian Consumer Law.

Uber Case – Payments made to drivers are deemed to be wages for payroll tax purposes

Uber Case – Payments made to drivers are deemed to be wages for payroll tax purposes

The New South Wales Court of Appeal has held that payments made to Uber drivers are deemed to be wages for payroll tax purposes under the relevant contract provisions.

In particular, the drivers provided services to Uber under their driving contracts.  The driving contracts governed or controlled the driver’s performance.  The driving services were not ancillary to the use of the vehicles.  Uber was not successful in challenging the earlier decisions of Optical Superstore and Thomas and Naaz – in particular, the payments made to derivers were “paid or payable” by Uber.

Update on Franchise Non-compliance Enforcement Activity: Cash Converters, Mobile Travel Agents and RAMS franchise systems

Update on Franchise Non-compliance Enforcement Activity: Cash Converters, Mobile Travel Agents and RAMS franchise systems

The ACCC has issued penalties to Cash Converters and Mobile Travel Agents for breaching the Franchising Code of Conduct by failing to update required information on the Franchise Disclosure Register.

Post the ASIC civil penalty proceedings against RAMS Financial Group over alleged systemic misconduct in its home loan operations a class action by former franchisees is now seeking to intervene in the ASIC matter, citing overlapping factual issues and concerns over reliance on Westpac’s internal findings.  #franchising #disclosure #franchisor_liability

FCT v Bendel: one more piece but uncertainty remains

FCT v Bendel: one more piece but uncertainty remains

On 12 June 2025, the High Court granted the Commissioner special leave to appeal the decision of the Full Federal Court in FCT v Bendel [2025] FCAFC 15 (Full Court Decision) that we wrote about here.

New South Wales case causes rethink on drafting of trust exclusion clauses

New South Wales case causes rethink on drafting of trust exclusion clauses

A New South Wales case has opened up a risk of taxpayers to surcharge rates of stamp duty and land tax for residential land held in family trusts where badly drafted foreign person exclusion clauses have been used.  This may require a complete review of all trust deeds to ensure that additional stamp duty and land tax imposts are not incurred.