News

Superannuation member benefit vs superannuation death benefit

22/09/2021

The timing issue with the death benefit strategy of withdrawing a member's entire super prior to their death - superannuation member benefit vs superannuation death benefit.

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Must SMSF BDBNs comply with the 2 witness and 3 year validity rules? The WA Court of Appeal decides no!

22/09/2021

There has been a continuing legal controversy as to whether Binding Death Benefit Nominations (BDBNs) for SMSFs must, in order to be valid, comply with both the 2 independent witness rule and 3 year validity period rules (2 witness & 3 year rules). There is no controversy as to whether these rules apply for BDBNs in industry and retail superannuation funds: they do.

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Join our Webinar on Intergenerational wealth transfer strategies using different structures

22/09/2021

Peter Townsend, Principal of Townsends Business & Corporate Lawyers will discuss the various structural issues relating to intergenerational wealth transfer including using testamentary discretionary trusts, bequests to an existing family trust, loan strategies for asset protection, buy/sell arrangements and of course the role of superannuation.

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EP Advantage Estate Training Program - join our 7 October 2021 course

22/09/2021

This course is ideal if you are looking to develop your expertise in estate planning and broaden your service offering.

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Mutual funds - the Government gets cracking and they're on their way

21/09/2021

As indicated in the recent May Budget, the Government has decided to re-commence the project to introduce mutual funds (technical name - "Corporate Collective Investment Vehicles" abbreviated to "CCIVs" or event more succinctly "204s"). The Government intends that the legislative regime permitting mutual funds will have a start date of 1 July 2022.