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Government unveils overhaul of superannuation tax reform proposal
Client Alert Government unveils overhaul of superannuation tax reform proposal
Treasurer Jim Chalmers has announced a significant rework of the Federal Government’s stalled superannuation tax increase proposal following widespread review from industry and stakeholders.
Simon Gow
Paul Banister
Adriarnne Ede
| 7 min read | 13 Oct 2025
Taxing times for private groups: where to next?
Insight Taxing times for private groups: where to next?
ATO tax reviews 2025: ATO targeting privately owned and wealthy groups with Top 500, Next 5000 and Medium and Emerging Private Groups programs.
Paul Banister
Dharav Gandhi
| 5 min read | 22 Jul 2025
Eight overlooked tax issues in family law
Insight Eight overlooked tax issues in family law
Explore eight often overlooked tax issues impacting asset division and liabilities in family law.
Paul Banister
Anne Dale
| 6 min read | 04 Jul 2025
How you can win as a temporary tax resident
Insight How you can win as a temporary tax resident
Like many countries, Australia taxes its residents on the income and capital gains they generate irrespective of where they are sourced. For ‘temporary residents’, understanding how the rules operate in detail – and even your relationship status – is necessary to determine your tax position.
Paul Banister
Paul Banister
| 8 min read | 02 Jul 2025
Preventing Family Trust Distribution Tax in property settlements
Insight Preventing Family Trust Distribution Tax in property settlements
New entities are often established as part of implementing property settlements. However, this could overlook one current focus area of the ATO – whether or not Family Trust Distribution Tax (FTDT) is payable due to distributions having been made by Family Trusts outside their ‘family group’.
Paul Banister
Paul Banister
| 6 min read | 02 Jul 2025
Family Trust Distributions Tax: avoiding the pitfalls
Insight Family Trust Distributions Tax: avoiding the pitfalls
Family trusts can benefit from tax concessions that come with making a Family Trust Election (FTE) but risk Family Trust Distribution Tax (FTDT) if not managed well.
Dharav Gandhi
Paul Banister
| 8 min read | 02 Jul 2025
Taxation of foreign trust distributions and Section 99B
Insight Taxation of foreign trust distributions and Section 99B
Section 99B of Australia’s tax law can trigger unexpected tax liabilities for residents receiving foreign trust distributions, including gifts, loans, and use of trust property. With increased ATO scrutiny and recent guidance, it’s vital to assess residency status, maintain clear documentation, and understand the tax implications before receiving overseas transfers.
Paul Banister
Dharav Gandhi
| 7 min read | 30 Jun 2025
Taxation of transfers from overseas – are you across the latest issues to consider?
Insight Taxation of transfers from overseas – are you across the latest issues to consider?
Receiving money from overseas can trigger unexpected Australian tax consequences, especially when foreign trusts are involved. With the ATO increasing scrutiny on international transfers, including gifts, inheritances, and loans, it’s vital for Australian residents to understand their tax obligations. Section 99B of the Income Tax Assessment Act 1936 and recent ATO guidance highlight the risks of poor documentation and lack of planning. This article explores common scenarios, the importance of maintaining records, and how proactive tax planning can help avoid significant liabilities for both recipients and their overseas families.
Dharav Gandhi
Paul Banister
| 5 min read | 30 Jun 2025
So, you might have an interest in a Foreign Trust?
Insight So, you might have an interest in a Foreign Trust?
The ATO has confirmed a stricter application of section 99B - taxation of foreign trust distributions, meaning more distributions or benefits from foreign trusts to Australian residents may now be taxable.
Dharav Gandhi
Paul Banister
Yan Wong
| 7 min read | 30 Jun 2025
Court rules ATO’s 15-year stand on trusts and Division 7A to be wrong – Bendel case
Client Alert Court rules ATO’s 15-year stand on trusts and Division 7A to be wrong – Bendel case
On 19 February 2025, a pivotal Full Federal Court decision in respect of trust law and Division 7A was handed down by the Full Federal Court in Commissioner of Taxation v Bendel [2025] FCAFC 15 which has confirmed in favour of the taxpayer.
David Montani
Paul Banister
Yan Wong
| 6 min read | 28 Feb 2025
Tax Obligations
Disaster Recovery & Relief Tax Obligations
Individuals and businesses affected by a natural disaster can seek assistance from the revenue authorities to help manage their ongoing tax obligations. Some of the assistance is automatically implemented for all taxpayers but other assistance will need to be applied for.
Paul Banister
Vince Tropiano
| 6 min read | 29 Feb 2024
The floodlight on the shadow economy has dimmed
Insight The floodlight on the shadow economy has dimmed
Australia is sitting on an untapped pot of money, potentially $34 billion, that could be recouped from the shadow or black economy. The Government set up a shadow economy taskforce in 2016, but will this year’s Federal Budget shine a light on the issue again?
Paul Banister
Paul Banister
| 5 min read | 24 Mar 2022
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