Can A Super Fund Run A Business?
Can A Super Fund Run A Business? For years, the unofficial answer to this question has always been, “No, because it would breach the ‘sole purpose test’, which requires that…
Can A Super Fund Run A Business? For years, the unofficial answer to this question has always been, “No, because it would breach the ‘sole purpose test’, which requires that…
How Does a Child Under 18 Years of Age Become a SMSF Member, if They Need to be a Trustee? A SMSF may establish a member’s account for a child…
What Rate of Interest Should a Fund Charge on In-house Asset Loans? There is no established rate of interest chargeable on loans which are in-house assets, however there is a…
Can a Trust Deed Defeat a Trustee in Bankruptcy? Sometimes, sometimes not. Often it is the legislation itself which either commands recovery or prevents access. This is a complex area,…
When Does A Superannuation Fund Commence? There are three elements necessary for the conclusion of any express trust in Australia (known colloquially as the “three certainties”): There must be certainty…
Can a Company be Co-Trustee With an Individual?Prior to the August 1999 amendments to the SIS Act (which repealed the old concept of an “excluded” fund and introduced the term…