We have had a busy period dealing with the changes to superannuation that have applied from 1 July 2017. The Budget made changes to pensions, commuting pensions, withdrawing money from ...
We have had a busy period dealing with the changes to superannuation that have applied from 1 July 2017. The Budget made changes to pensions, commuting pensions, withdrawing money from superannuation and updates to trust deeds. All of these changes can have quite significant implications on the effectiveness of a
The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 contains updated provisions to include an additional increase to a member’s ‘total superannuation balance’ when an SMSF has outstanding borrowings.
Although the 2018/19 Federal Budget was relatively uneventful compared to previous years, the Government did announce that the maximum number of members allowable in self-managed superannuation funds (SMSFs) will be increased to six (up from four) from 1 July 2019.
It has never been easier to order a trust deed. However, getting a trust deed that effectively deals with both the tax and estate planning issues can be like finding a unicorn! The recent decision of Reschke v Reschke [2017] SASC 192, highlights the importance of a well worded trust
Establishing a trust is simple, but often not done properly.
The recent decision in Perry v Nicholson [2017] QSC 163, has stressed the continuing importance of ensuring that all previous trust deed amendments and changes of trustee are properly documented, signed and dated and comply with the terms of the trust deed.
The Succession Act 1981 (Qld) has been amended to change the impact of de facto relationships on Wills and estate disputes.
The Queensland Government has recently announced a Farm Management Grants Scheme for eligible primary producers and their children or relatives.
ASIC has released Information Sheet INFO216, which summarises the AFS licensing requirements for accountants who are providing services to self-managed superannuation funds.
The legislation implementing the substantive changes to superannuation announced in the 2016 Budget has now passed through Parliament.
From 1 July 2016, the Queensland Government has extended the duty exemption for transfers of assets used in a primary production property.
The South Australian case of Brine v Carter [2015] SASC 205 is a warning to executors who wish to claim the deceased’s superannuation for themselves.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.