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The Election Downsides - the 'so what' factor seminar paper
Published on 09 Jun 04 by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper addresses the problems with making elections, including:
- family trust distribution tax exposures
- inability to revoke elections
- part-elected groups.
Author profile
Chris Wookey CTA-Life
Chris Wookey, CTA (Life) operates his own specialist tax consulting practice after previously having been a principal in the tax consulting division of Deloitte Private in Melbourne. A finalist in The Tax Institute’s Tax Adviser of the Year Awards for 2020 and 2022 and made a life member of The Tax Institute in September 2023, he has over 30 years’ experience in the chartered accounting profession and is a member of The Tax Institute’s national SME Technical Committee and had been its representative on the ATO’s Private
Groups Stewardship Group from 2021 to 2022. Chris was also a member of the Board of Taxation’s Reference Group for its Review of Small Business Tax Concessions. His experience, centred on issues encountered by private groups, includes providing input to Treasury in relation to the proposed targeted amendments to the Div 7A integrity
rules and participating in confidential consultations with the ATO in relation to the 2022 and 2023 developments in relation to section 100A.
- Current at
29 January 2026
This was presented at Family Trust Elections Revisited .
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Individual sessions
Why Elect?
Author(s): Clive BIRDMaterials from this session:
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The Election Downsides - the 'so what' factor
Author(s): Chris WOOKEYMaterials from this session:
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How do I make an election?
Author(s): Noel BEHARISMaterials from this session:
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Elections for Superannuation Funds & Unit Trusts
Author(s): Daniel BUTLERMaterials from this session:
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Recent Developments - Amnesty & Federal Budget announcement
Author(s): Andrew O'BRYANMaterials from this session:
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