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Publications Will Monotti Publications Will Monotti

Lost trust deeds

Recent decisions of the Victorian Supreme Court have confirmed that the consequences for trustees are potentially disastrous if trust documentation is mislaid and cannot be located.

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Primary production land tax exemption denied for landowner that entered into a property development agreement

In the recent Victorian Civil and Administrative Tribunal (Tribunal) decision in Lavender Rain Pty Ltd v Commissioner of State Revenue (Review and Regulation) [2022] VCAT 1264 (Lavender Rain) the primary production land tax exemption for urban zoned land was denied on the basis that the land owning company operated a number of businesses, including the entering into a property development agreement.

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Trusts, Taxation, Federal Taxes, Business Law Neil Brydges Trusts, Taxation, Federal Taxes, Business Law Neil Brydges

Section 100A: if you want BBlood, you’ve got it: 100A and capital amounts

On 19 September 2022, Justice Thawley of the Federal Court handed down his decision in BBlood Enterprises Pty Ltd v FCT [2022] FCA 1112 (BBlood), the most recent decision on section 100A of the Income Tax Assessment Act 1936. The Australian Taxation Office (ATO) was successful in arguing that section 100A applied.

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Superannuation Jan Harnischmacher Superannuation Jan Harnischmacher

Super guarantee Series - Part 2: Who must contributions be made for – “employees” and “deemed employees”

Under the super guarantee system, super contributions are made on behalf of “employees”.

Section 12(1) of the Superannuation Guarantee (Administration) Act 1992 (SG Act) provides that “employees” for the purposes of the SG Act are defined under their ordinary meaning. That is, the meaning of that term at common law.

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Can Part IVA apply to trustee discretions? Yes, according to the Federal Court

The recent Federal Court decision of Minerva Financial Group Pty Ltd v Commissioner of Taxation [2022] FCA 1092 (Minerva) signifies that the Federal Commissioner of Taxation (Commissioner) can successfully scrutinise a trustee’s discretion under the general anti-avoidance provisions (Part IVA).

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