DomaCom has lost a test case intended to determine how transparent its fractional interest property scheme is for in-house asset rule purposes.
FCA
Federal Court protects pension from bankruptcy trustees: Morris' Case
The Federal Court has rejected the attempt by bankruptcy trustees of a deceased super member who argued that a benefit paid to the widow of the deceased super member who was herself a bankrupt was divisible property and so vested in them.
SMSF Trustee fined $40,000 for 30 separate breaches of SIS Act; ordered to pay $14,000 in costs
SMSF Trustee fined $40,000 for 30 separate breaches of SIS Act and ordered to pay $14,000 in costs.
Townsend Lawyers is a leading independent law firm, specialising in commercial and business law, corporate advisory, tax, estate planning, superannuation, insurance, trusts and SMSFs.