There are other elections that matter

Family groups should review the status of their group’s family trust elections and interposed entity elections and consider if their distribution practices are consistent with the elections made, as detailed by Belinda Cheesewright, James Macky and Blake Indian.

The Federal election occurred in Australia on Saturday 3 May, but as recent media articles indicate, this was not the only election that may be important to family groups. Over recent years, the Australian Taxation Office (ATO) has released a number of rulings relating to the taxation of trusts, concentrating on areas where the ATO sees family groups utilising certain practices which it considers limits the amount of tax paid on profits (section 100A) or defers the taxation of profits accesse...

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Authors: Belinda Cheesewright, James Macky,

Published Date: 02 May 2025