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What is a Bucket Company? The concept of a bucket company is one that can be beneficial for business owners who are looking to protect their profits and minimise the amount of tax they pay. This strategy involves setting up a corporate beneficiary, also known as a ‘bucket company’ or ‘dump company’, to receive distributions from a trust of any…
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This case shows that it is important to review all prior SMSF deeds to make sure they contain only the absolutely necessary clauses to avoid sticky situations.
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After his death, a dispute arose, surrounding whether Mr Munro’s nomination for a BDBN had to comply with reg 6.17A of the Superannuation Industry (Supervision) Regulations 1994 (Cth).
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Trusts developed in feudal England as a legal mechanism for protecting assets and financial planning.
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Narumon Pty Ltd (2018) QSC 185
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Munro v Munro [2015] QSC 61
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Ioppolo v Conti [2013] WASC 389
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