News

26th February

The ATO have previously announced that they will not take any action against non commercial related party loans provided that they were brought to order by the end of this financial year. They have now clarified their position by stating that this will require a commercial rate of interest to be paid by the fund in...

29th January 2016

We have been told of a recent scam which, though it did not involve any of our clients, we thought worthy of sharing. Over the Christmas break a trustee's email account was hacked and revealed email correspondence between the trustee and their adviser. The hackers, using the trustee's email account, gave direction to the adviser to...