Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Miscellaneous 2006

The erosion of asset protection

Source: South Australia

Published Date: 15 Sep 2006

 

People have long sought to protect their personal and business assets by separating ownership from risk. However, the Government now seems committed to giving creditors greater access to assets (including superannuation) controlled by a bankrupt and their associates. The Government's proposals have brought into question the ongoing effectiveness of common asset protection strategies. This presentation focusses on:

  • the current bankruptcy rules and common asset protection strategies
  • the content and current status of the Government's proposals
  • the 2005 'Bankruptcy and family law' amendments
  • the likely impact of the above on asset protection strategies going forward.
This was originally presented on 6 May 2006 at the South Australian State Convention held in the Barossa Valley. This version contains some update to cover changes that occurred since then.

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

Author(s)

Individual Session

The erosion of asset protection

Author(s): Matthew Tripodi
Materials from this session:

Download

Details

  • Published By: Matthew Tripodi
  • Published On:15 Sep 2006
  • Took place at:Novotel Barossa Valley Resort

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2006

Share this page