This decision impact statement outlines the ATO's response to concerns whether, for the purposes of section 12(8) of the SG Act, the Racing Queensland Board (Board) was liable to pay riding fees to jockeys engaged to ride in races and barrier trials during the relevant period. Background T...
TapInGuideForplanneruseonlyPage1of14Lastupdated:1January2011LumpsumsuperannuationbenefitsManyclientsrequireadviceonaccessingtheirsuperannuationbenefits.InthisTapInGuide,weoutlinetheconditionsofreleaseallowingpeopletoaccesstheirpreservedsuperannuationbenefitsandalsoconsiderthetaxationimplicationswhenbenefitsarewithdrawnasalumpsum....
with the relevant superannuation laws and the Trust Deed. If the Trustee is unable to release a member's benefit, any proceeds will be credited to the member's account and paid when the member meets a condition of release (see page 18 for further details about conditions of release). A...
By a unanimous decision handed down on 3 February 2021, the High Court of Australia dismissed an appeal by Westpac which sought to overturn a ruling of the Full Federal Court that it had provided ‘personal advice’ to existing customers in contravention of the conditions of its AFSL (read ou...
with the relevant superannuation laws and the Trust Deed. If the Trustee is unable to release a member's benefit, any proceeds will be credited to the member's account and paid when the member meets a condition of release (see page 17 for further details about conditions of release). A...