Trust reform

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• Trustee resolutions must be made by 30 June 2012

  The ATO is commencing a campaign to educate trustees and their advisers that trustee resolutions for the 2012 and subsequent income years must be made by 30 June.

  Published on 12 March 2012

• Proposed Treasury consultation meetings on modernising the taxation of trust income

  Treasury will conduct a series of consultation forums to listen to community views on the re-write of Division 6 of Part III of the Income Tax Assessment Act 1936.

  Published on 3 February 2012

• Meeting with Treasury - modernising the taxation of trust income

  On 24 January 2012, the Institute met with Treasury to discuss its consultation paper Modernising the taxation of trust income.

  Published on 24 January 2012

• Consultation paper released – Modernising the taxation of trust income – options for reform

  The government has released a consultation paper on modernising the taxation of trust income and removing impediments to the effective taxation of trusts.

  Published on 22 November 2011