No deduction for costs of administering bushfire compensation fund

Daniela Chiew and Matt McRae discuss the Federal Court case Trustee for the Murrindindi Bushfire Class Action Settlement Fund vs Commissioner of Taxation [2020 FCAFC 92].

The full bench of the Federal Court has found in favour of the Commissioner in the case Watson as Trustee for the Murrindindi Bushfire Class Action Settlement Fund vs Commissioner of Taxation [2020 FCAFC 92], affirming the previous decision of a single judge in a joint decision.The case concerned the deductibility of expenses incurred in administering a bushfire compensation fund’s distribution scheme (the Fund). The administrator’s role was to determine the amounts to be paid out under claim...

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Authors: Daniela Chiew, Matthew McRae

Published Date: 11 June 2020