Asset Protection

Trustee Resolutions – Tips and Traps

By on 13 September 2016 in Asset Protection with 4 Comments
Trustee Resolutions – Tips and Traps

The trustee of a trust or superannuation fund must document certain decisions. This obligation arises under their trust or superannuation fund deed, or because of trust, superannuation or tax legislation. Unfortunately, it is often the case that even basic decisions are not appropriately documented. This can have disastrous legal and financial consequences that are not […]

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SMSF Alert – Related party transactions and payroll tax grouping

By on 15 July 2016 in Asset Protection with 0 Comments
SMSF Alert – Related party transactions and payroll tax grouping

Key points of this article A recent Queensland Supreme Court decision means that self-managed superannuation funds (“SMSFs”) with related party dealings can potentially be grouped for payroll tax purposes. This has potentially significant consequences for anyone using SMSF as an asset protection strategy when assets are related to a business If a SMSF is grouped with […]

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Asset Protection Strategies for Individuals and Businesses

By on 11 August 2015 in Asset Protection with 0 Comments
Asset Protection Strategies for Individuals and Businesses

What is asset protection and why is it important for individuals and businesses? Asset protection is a relevant consideration in the establishment of any business. Effective asset protection strategies can limit and in some cases avoid liability for individuals who are carrying on a business. Commonly, businesses are conducted via a company or trust structure. […]

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