Full Description
Chair Terry Murphy QC discusses the issues at play in Thomas v Commissioner of Taxation, and places the case in the context of jurisprudence and the discretionary trust. This seminar explores issues that have arisen out of the decision in Thomas, and the intended effect of orders in comparison with the result that actuated. Fiona Cameron and Michael Bearman share their views on the case and its progression, and discuss the implications and practicalities of distributing franking credits to beneficiaries in a manner different to that in which the net income of a trust was resolved to be distributed.