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Trusts update: What the ATO thinks and why you should care presentation
Published on 22 Aug 13 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This presentation provides an update on trusts and the ATO’s views. In particular, it examines:
- ?making trust distributions effective??
- what happens when beneficiaries disclaim entitlements?
- ??“income of the trust” – the debate and guidance??
- streaming – when you can and when you can’t
- transferring assets to and from trusts – some CGT issues??
- other current issues.
Author profile
Andrew Mills CTA-Life
Andrew Mills, CTA-Life, is Chair of the Financial Reporting Council Australia, Acting Chair of the Board of Tax, Principal Fellow at Melbourne University Law School and a member of the ANU’s Tax and Transfer Policy Institute Advisory Board and the Executive Committee of IFA Australia Branch among other roles. Previously, Andrew was the Second Commissioner, Law Design & Practice, at the Australian Taxation Office from 2013–2019.
Andrew has over 40 years’ experience in taxation, including periods in the ATO, commerce and the tax profession. Andrew was a Director (Partner) at Greenwoods & Freehills for more than 20 years and managing director of the firm from 2006 to 2011. Andrew was President of The Tax Institute in 2006–2007 and is a former Governor of the Taxation Research Foundation. Andrew holds qualifications in Business and Law and is a Chartered Taxation Adviser (Life), a Fellow of CPA Australia, a Graduate member of the Australian Institute of Company Directors and a Fellow of the Governance Institute of Australia.
- Current at
06 January 2026
This was presented at 46th Western Australian State Convention .
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Trusts update: What the ATO thinks and why you should care
Author(s): Andrew MILLSMaterials from this session:
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Tax losses: Using them, not losing them
Author(s): Natasha McCarthyMaterials from this session:
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Trusts: Are they still worth it in the current tax climate?
Author(s): Syd JENKINSMaterials from this session:
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FBT and salary packaging update
Author(s): Steve FRAPPLEMaterials from this session:
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Strategies for the SME practitioner's kitbag
Author(s): Daniel FRY, Alan KRAWITZMaterials from this session:
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Tax reform for private business
Author(s): Keith JAMESMaterials from this session:
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Not-for-profit
Author(s): Martin KirknessMaterials from this session:
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Superannuation update
Author(s): Jemma SANDERSONMaterials from this session:
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