Its replacement and consequential amendments released on 19 February contains 10 pages of provisions and measures that will impact a wide range of transactions involving trusts. These seminar materials review in detail the legislative provisions announced and focus on its practical implications using a number of case study examples.
Key issues considered include:
- the range of transactions involving trusts that under the new provisions can get caught within Division 7A
- exempt transactions permitted
- operative date of the legislation
- anti-avoidance provisions within the bill
- what qualifies as a loan repayment.