Nick Casey is a lawyer at Ferguson Cannon Lawyers practising in property, business and corporate law. In the business and corporate area, Nick focuses on everything Self Managed Superannuation Fund (SMSF) related (compliance, related party transactions and borrowing) as well as structuring and taxation advice.
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 […]
Earlier this week the Turnbull Government released their Innovation Statement, which sets out the Governments plan support the growth of innovation in Australia. What are the key changes? Some of the key proposals of the Government’s Innovation Statement are: Research and science: Nearly half of the proposed spending will fund research and science infrastructure. It […]
A common question clients ask me when setting up their Self Managed Superannuation Fund (‘SMSF’) is whether they should individually act as the trustee of their SMSF, or appoint a company as the SMSF trustee. My advice to this question is always – appoint a company. The advantages of having a corporate trustee of your […]
I recently read an article which highlighted the potential benefits for clients using their Self Managed Superannuation Fund (SMSF) to fund their buy/sell agreement (also commonly referred to as a Business Will). The concept is simple. Instead of each business owner effecting an insurance policy on their own life, for a Business Will the policies are owned by […]