On 11 December 2015, parliament passed the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015, dubbed ‘MAAL’ (Multi-national anti-avoidance law), which came into effect from 1 January 2016.
The Australian Government has recently made amendments to both the Private Ancillary Fund Guidelines 2009 and Public Ancillary Fund Guidelines 2011. These amendments took effect from 5 May 2016 and set minimum standards for the governance and conduct of ancillary funds and their trustees.
Following legislation changes in relation to the provision of financial services advice, ESV has applied for and been granted an Australian Financial Services (AFS) license.
As we approach 30 June, it is time to turn your attention to those year end housekeeping matters. While there is usually a rush to deal with these matters during June, a more strategic and efficient approach is to incorporate these matters into an overall plan for your family matters...