Provisions in the Bill are crucial for ensuring that capital gains and franked distributions (including any attached franking credits) can effectively be streamed to relevant beneficiaries. There are new concepts that you need to be aware of when advising clients. If your clients intend to stream capital gains or franked distributions, it is essential that you understand how the new regime applies.
This event provided an overview of the provisions and considered some practical issues that will have to be considered when applying the provisions.