The risk of resettlement is extremely unlikely where:

1. a sufficient power is relied upon to make a change; and
2. beneficiaries, trust property and trust terms can be identified at any point in time.

Trust Evolve™ considers these matters to ensure that changes made in the Trust Evolve™ Amendment are undertaken in accordance with sufficient powers and don’t cause uncertainty as to beneficiaries, trust property and trust terms.  As always, if any issues are identified in this regard, we will reach out to clients to advise and discuss. Whilst resettlement is not something we can guarantee against (only the courts have that jurisdiction), our vast experience preparing trust deed amendments tells us that as long as the above matters are considered, it is unlikely.

Auth0 is an industry-leading authentication platform which is owned by Okta that supports diverse security needs and compliance standards, facilitating seamless and secure user experiences across various industries.

Yes, Trust Evolve™ ordering is available on the Acis platform.  This can be done by selecting New Order on the Trust Evolve tile or by selecting New Order on the My Orders tile and then selecting Trust Evolve. Alternatively, simply click the link below to be directed straight to our Trust Evolve™ order page.

Auth0 is a modern authentication platform trusted by leading organisations globally. By making this upgrade, we’re not only aligning with industry standards but also ensuring the security and accessibility of our services. With Auth0’s advanced features and robust security measures, we’re enhancing the overall experience for our users while providing them with a secure and seamless authentication process.

The Trust Evolve™ price is not just for the Report and the Amendment is not extra – it is included in the price.

Trust Evolve™ includes Expert Review – Report – Amendment – Distribution Guide.

Expert Review

Out team will review all of the deeds for a trust including the original trust deed establishing the trust as well as any previous amendments. Each of the matters outlined in the Trust Evolve™ Terms will be reviewed including, but not limited to, vesting date, foreign person exclusions, income definition flexibility and trustee and appointor mechanisms for succession.

Report

The Trust Evolve™ Report is based on the Expert Review. It outlines the matters reviewed and advises whether they are considered sufficient and remain unchanged or whether they can be improved and have been changed by way of the Trust Evolve™ Amendment.

Amendment

The Trust Evolve™ Amendment makes changes to the existing trust documents, based on the matters outlined in the Report. A Trustee resolution is also included.

Distribution Guide:

• Risk Assessment Checklist – to mitigate risks associated with trust distributions and identify when further enquiry/advice required.
• Distribution Commentary – to understand how recent tax rulings and judgements in relation to trust distributions impact the way trustees exercise their distribution discretions as well as the practical strategies they should consider.
• Distribution Templates – to assist in the effective distribution of trust Income.
• Template Beneficiary Letters – to correspond with beneficiaries in relation to their entitlements to further mitigate risk.

No, your existing password has been securely migrated and can still be used. However, you will need to reconfigure your Multi-Factor Authentication (MFA) settings upon your first login to the new system.

Information about Trust Evolve™ can be found above. This includes a downloadable template letter that can be used to engage trustees/clients.  It also includes a downloadable Why? Guide to help identify the benefits of Trust Evolve™ for those trustees/clients that require additional authority.

It is important to remember that advisors didn’t create these challenges; they are simply trying to deliver the strategies in response to the challenges.

Yes, your password was securely migrated. We never store passwords in plain text. Auth0 uses robust encryption and security standards to protect your information.

When migrating passwords, we only ever store and in this case transferred to Auth0 the encrypted version, instructing Auth0 on how to test these passwords (with the same encryption method)

The trust deed and distribution resolutions go hand in hand. Distribution resolutions are prone to failure when they aren’t prepared in accordance with the provisions of the trust deed. For this reason, trust deeds should be reviewed (and where necessary amended) prior to distribution resolutions being prepared. The Trust Evolve™ Distribution Resolutions are customised to each trust, post the trust deed review and amendment. As a result, the full value is only gained from this product when used as a comprehensive strategy rather than utilising only parts.

This update was implemented to enable this functionality. Setting up each of these features is required for each client individually and may incur an annual fee. For further information or to explore this option, please contact your account manager or our support team at acis@acis.net.au.

Defective execution of trust deeds is one of the most common issues that banks raise when dealing with discretionary trusts. Similarly, incomplete or incorrect names in trust deeds is another issue that banks commonly take issue with. Even recent Acis deeds should be reviewed in relation to these matters.

Additionally, there have been changes to foreign person exclusions and Australian Accounting Standards (in relation to the preparation of financials) in recent times.

Those matters aside, we appreciate that there is likely less involved in the Amendment component of Trust Evolve™ for trusts using recent, Acis deeds. If you have these, we encourage you to get in touch for a chat about pricing.

We’ll continue to prompt users to enter their email address on our login page, which we will use to verify which authentication method to use.

Once entered, the system will identify SSO-enabled clients and check the Identity Provider (IDP). If an active session exists, users will seamlessly proceed. Otherwise, they’ll be prompted to input their standard login credentials for that specific IDP (such as Microsoft, Okta, Google, etc.).

Please reach out to our support team at acis@acis.net.au or call us on 1800 773 477, and we will be happy to assist you with any questions or concerns regarding the new authentication system.

Trust Evolve™ responds to more than just issues in relation to s. 100A. And even if we limited the discussion to s. 100A alone, it should be remembered that the Commissioner has made their position clear (in TR 2022/4 & PCG 2022/2). We know tax planning likely needs to look different this year. We know that the ATO have made their position in relation to contemporaneous record keeping clear. There is arguably no reason to wait for further guidance.

As always, we are more than happy to have discussions in relation to volume and we encourage you to reach out for a chat if this relates to you.

Yes, the price includes Expert Review – Report – Amendment – Distribution Guide.

Expert Review

Out team will review all of the deeds for a trust including the original trust deed establishing the trust as well as any previous amendments. Each of the matters outlined in the Trust Evolve™ Terms will be reviewed including, but not limited to, vesting date, foreign person exclusions, income definition flexibility and trustee and appointor mechanisms for succession.

Report

The Trust Evolve™ Report is based on the Expert Review. It outlines the matters reviewed and advises whether they are considered sufficient and remain unchanged or whether they can be improved and have been changed by way of the Trust Evolve™ Amendment.

Amendment

The Trust Evolve™ Amendment makes changes to the existing trust documents, based on the matters outlined in the Report. A Trustee resolution is also included.

Distribution Guide:

• Risk Assessment Checklist – to mitigate risks associated with trust distributions and identify when further enquiry/advice required.
• Distribution Commentary – to understand how recent tax rulings and judgements in relation to trust distributions impact the way trustees exercise their distribution discretions as well as the practical strategies they should consider.
• Distribution Templates – to assist in the effective distribution of trust Income.
• Template Beneficiary Letters – to correspond with beneficiaries in relation to their entitlements to further mitigate risk.