What does it mean to be a ‘fit and proper person’ in the context of your practice at the Bar? What are the origins of this requirement and how did it come to be embedded in the legal framework that regulates us? Why does this test exist?
In the first of a two-part CPD, presented by the Bar’s Honorary Secretaries, who explore these questions as well as highlight the continued disclosure obligations imposed upon barristers and how to fulfil these obligations and satisfy the ‘fit and proper person’ test.
Tax issues such as CGT (including rollover relief), Division 7A as well as trust and corporate law issues frequently arise in family law property proceedings. A recent trend has also seen the Commissioner of Taxation intervening in s79 proceedings to secure payment of tax debts owed by a party or parties to the marriage prior to any distribution of property.