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FTEs: The practical essentials

Recorded live 5 Aug 2026
Trusts

$195.00 +GST

For Group rates: Email us

Audience

This training is recommended for:

  • Accountants working in public practice 
  • All practitioners working with tax 
Audience

Learning outcomes

On completion, participants will be able to: 

  • Explain why an FTE or an IEE is needed 
  • Understand the consequences of making an election 
  • Explain whether a revocation is desirable or even possible 
  • Identify where mistakes are made and how they may be addressed 
Learning outcomes

Relevancy

This webinar was presented live 5/08/2026.

Relevancy

CPD hours

If claiming CPD hours, this course provides 1.5 Legislated CPD hours, the breakdown is as follows:

  • Tax (financial) advice: 1.5 CPD hours
CPD hours

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Even after 27 years in the 1936 Tax Act, the Trust loss rules in Schedule 2F can seem impenetrable. The judicial consideration of the rules has been limited, e.g.; 

  • Colonial First State [2011] FCA 16 – what is a fixed entitlement /fixed trust 
  • Eldersmede Pty Ltd [2004] AATA 710 – the income injection test 
  • Advanced Holdings Pty Limited ATF The Demian Trust [2020] FCA 1479 – the control test and circularity of distributions 

 

At least once a year advisers have to turn their minds to whether their clients’ trusts should have made a family trust election (FTE) and other entities an interposed entity election (IEE) in order to: 

  • recoup prior year losses against income received from another family entity or facilitate a loss company in which the trust has a majority interest to satisfy the continuity of ownership test 
  • satisfy the 45-day holding period rule in relation to franked dividend received by the trust so that beneficiaries can benefit from the franking credits 
  • escape the trustee beneficiary reporting rules 
  • satisfy ultimate ownership conditions for the purposes of the small business roll-over in Subdiv 328-G of the ITAA 1997.  

 

If an FTE or IEE has been made, consideration may have to be given to whether a revocation is desirable or even possible. 

 

This webinar will be presented by one of TaxBanter’s experienced tax trainers.

Lee-Ann Hayes
Lee-Ann HayesHead of Tax Education
Tiffany Douglas
Tiffany DouglasSenior Tax Trainer
Tristan Webb
Tristan WebbSenior Tax Trainer
Tim Edgecombe
Tim EdgecombeSenior Tax Trainer
Deb Ghuliani
Deb GhulianiSenior Tax Trainer
Rae Ni Corraidh
Rae Ni CorraidhSenior Tax Trainer
Michael Gilmour
Michael GilmourSenior Tax Trainer
George Housakos
George HousakosSenior Tax Trainer
Brian Kamenetzky
Brian KamenetzkySenior Tax Trainer
Fred Schenck
Fred SchenckSenior Tax Trainer
Veronica Steward
Veronica StewardSenior Tax Trainer
Resham​ ​​Mehta
Resham​ ​​MehtaTax Trainer
Leanne Saudners
Leanne SaudnersSenior Tax Trainer
Terms and Conditions
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