1 Comments Super, Managed Funds, Wealth, Insurance, SMSF, Pensions
Th emost important fact is what year was your SMSF and UT established? was it before May 1998?
If so there are some rules which may help you. 13.22 Regulations were not introduced until 28-06-2000 but there are retro rules in there too,
13.22B deals with pre 1999 assets, 13.22C deals with post 1999 assets and 13.22D has a listy of 14 penalty conditions.
I have wporked with these trusts since 1992 following the ATO V Forli case in April 1991 which the ATO lost. It is possible to restructure a pre 1999 trust to restore its pre 2009 state.
Most accountants and lawyers have put all these in the too hard basket ,since June 30 2009.