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Australia - April 17 2013
With 30 June fast approaching, advisors should start thinking about the trustee resolutions. They were the key topic of discussion at the National…
Australia - October 25 2011
The State Revenue Office announced in Payroll Tax Bulletin Oct 11 PTX 1/11 an ‘opportunity’ for employers (including employment agencies) to make a voluntarily disclosure of payroll tax liabilities where they have used a discretionary trust to restructure the payment of wages to employees or contractors as trust distributions to beneficiaries.
Australia - October 25 2011
As announced by the Victorian Treasurer in the State Budget, the land rich duty provisions of the Duties Act 2000 will be changed into a ‘landholder duty’ model from 1 July 2012.
Australia - September 30 2011
Earlier this month, the State Revenue Office (SRO) clarified its position regarding section 42(1)(a) of the Duties Act 2000 (the Act), confirming it will treat a transfer from the executor to the trustee of the testamentary trust as if it were a transfer to a beneficiary, provided the transfer is in conformity with the trusts contained in the will of the deceased, and is not for valuable consideration.
