Pre 1999 Unit Trust in Superannuation: Preparing for the Looming Deadline

Published on 16 Apr 2009 | Took place at City West Receptions, Perth, WA

Since the introduction of the Simpler Superannuation rules in July 2007, superannuation has become the preferred investment vehicle for many Australians. One of the opportunities available in the past was the use of a unit trust in superannuation to circumvent the borrowing rules. Restrictions were imposed on this opportunity in 1999, and the transitional rules applicable expire on 30 June 2009. It is therefore critical that we are aware of the rules and their restrictions, the opportunities available, and the options going forward to assist our clients in optimising the use of their superannuation funds.

This event was aimed at tax practitioners, accountants, lawyers and financial planners. It was particularly useful to those who have clients who have a pre 1999 unit trust or other unit trust investments in their SMSF. The event provided the key issues in this area as well as the planning opportunities for clients.