After BBlood, Guardian and the much-discussed history of section 100A, how should trustees and practitioners approach the task of trust distributions from a practical perspective? particularly in light of the ATO’s (now final) administrative guidance.
Moving beyond matters of legal principle, this session will focus on the practicalities of managing 100A risk from here, including:
- Approaching distributions – understanding what is required by way of communication and documentation as between the trustee and beneficiaries, both in form and substance
- Are we any closer to understanding what an ‘ordinary family or commercial dealings’ means and what evidence supports one? and
- Dealing with existing structures or approaches which fall outside the ‘green zone.’