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Trusts and distribution resolutions in the light of Bamford paper

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Published on 09 Oct 09 by VICTORIAN DIVISION, THE TAX INSTITUTE

This paper was also delivered at the event Trust Distributions - Where Are We At? in Melbourne on 13 November 2009.

This paper covers practical issues and questions relating to trust distributions and approaches taken in drafting distribution minutes and resolutions in the light of the recent decision of the Full Federal Court in Bamford.

The paper:

  • examines the principles that govern the taxation of distributions
  • reviews the critical factors to consider when drafting valid distribution resolutions
  • provides an overview and critique of some sample distribution minutes and resolutions.

Author profile

Dr Nabil Orow CTA
Dr Bill is an expert in the fields of trusts, taxation and superannuation law. He holds a Ph.D as well as an LL.M and has had many written works on taxation published. He practices in Federal and State taxation and superannuation law and has been briefed in matters involving income taxation, GST, superannuation, stamp duty and land tax. In addition, Bill has an extensive practice in trusts law including trust disputes and restructure. Bill is an accredited mediator. - Current at 16 June 2022
Click here to expand/collapse more articles by Nabil (Bill) F. OROW.

 

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