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What can I say Asy - you're memory is fantastic as usual!!! Just wait till you get to my age and are suffering from post Christmas celebrations!! The quote I accidently wrote was from Sir Walter Scott's Marmion as you mentioned. The one I meant to write was: " The best laid schemes o'...

Thanks Sim - you have an excellent concept there; gives me some good ideas for future restructuring. May need some polishing to allow for a parallel structure I have in place but it should fly and as you noted professional advise should pick up any problems. The laugh is it was "professional...

Thanks Sim - yes potentially tricky. Problems arose due to advice from a large corporate accounting firm where you struggled to see the same person each time you contacted them. Created some expensive mistakes. Working with a local accountant who has his own property investments to solve the...

Sorry if there was confusion Sim - you are right in that a trustee is best if it is non-trading. However I have a problem in that my family trust originally had a prior trustee. The current trustee company was running a business before it took over as trustee. It was a merge done for expediency...

Thanks Irina - news of a delay is helpful as that gives more time to prepare future paperwork to avoid problems. Aceyducey - It would be hard for the ATO to distinguish between a company operating for it's own profit and a trustee company that is generating income for my family trust. As far...

Thanks for the URL Kim but it does not seem to want to let me in. Typical ATO - give you a teaser and make you find out the facts the hard way!! Rolf like you I get a bit cynical about new tax laws - I assume they are going to hurt my hip pocket unless proven other wise. Part of the problem...

Interesting and potentially disturbing article in Herald Sun money section Monday: Does anybody have more in depth info on this? Tried to search on the ATO site for any further reference but no luck so far. The thrust of the article suggested...