To Fix or Not to Fix
Discover the key differences between “fixed”, “non-fixed”, and “special” unit trusts and their impact on tax and land tax benefits. […]
James Creevy, current as of: 4 August 2022.
Since 5 April 2022, new directors have been required to apply for their Director ID prior to actually becoming a director. There have been transitional arrangements in place for those that became a director prior to 31 October 2021; however, the end of those transitional arrangements is fast approaching.
All existing directors must apply for their Director ID by 30 November 2022. Also, from that date, any newly appointed directors will need their Director ID prior to appointment. Failure to do so is a strict liability offence and penalties are severe. More information about deadlines and the process to obtain a Director ID can be found here or on the ABRS website.
Discover the key differences between “fixed”, “non-fixed”, and “special” unit trusts and their impact on tax and land tax benefits. […]
With ongoing industry attention, discretionary trusts have been central to discussions on risk management for trustees and advisors. Watch our webinar to ensure you stay updated on recent shifts and gain the necessary tools to maximise trust outcomes for your clients. […]
From 1 February 2024, increased duty is payable for discretionary trusts, SMSFs and LRBAs in New South Wales. […]