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A Matter of Trusts: Family trust elections - remain vigilant
Published on 01 Aug 05 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
A family trust election is an election made that a trust will become a 'family trust' for the purposes of the taxation legislation. Once made a family trust election is irrevocable (except for some fixed trusts). Therefore, whilst a trust that has made a family trust election exists the implications of making that election will need to be continually monitored.
Author profile
Daniel Smedley CTA
Daniel Smedley, CTA, enjoys helping private enterprise clients solve complex taxation and trust law issues. He is a trusted confidant in planning the succession of his clients’ personal and business affairs. Daniel is a Chartered Tax Adviser (The Tax Institute) and an Accredited Specialist in Taxation Law (Law Institute of Victoria). He is recognised by his peers in Doyles Guide and Best Lawyers for his work in Taxation, Trusts and Succession Planning. Daniel is a regular presenter at state and national industry conventions, conferences and workshops. - Current at 05 February 2026
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