Upon completion of the training, you will be able to:
explain why a trustee must act in accordance with the trust deed and how the trustee can obtain certainty about the correctness of its decisions
explain the difference between an express trust and a resulting trust and when the presumption of advancement arises
list some trustee duties which should cause a trustee of an SMSF to pause and reflect before distributing the funds to beneficiaries
list some factors which a trustee should consider before amending powers under a trust deed
briefly explain what an unpaid present entitlement (UPE) is and when it is considered to be the provision of financial accommodation for Div 7A purposes
explain why the Court found that the requisite agreement for the purposes of the application of s. 100A did not exist in the Guardian case.
The Courts have clarified some practical aspects for dealing with frequently encountered questions about and problems with trusts, including:
when a trust is validly created, what if the trust is not in writing, its property is held in the wrong names or is held beyond the vesting date
the implications of beneficiary disclaimers on their present entitlement
obligations on trustees when exercising their discretion
Div 7A and when a UPE or an amount held on sub-trust becomes the provision of financial accommodation
reimbursement agreements and s. 100A of the ITAA 1936
This training is presented by one of TaxBanter’s experienced tax trainers.
Previous
Next
Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The General Terms and Conditions can be accessed here.
