by Gavel Law | Nov 27, 2025 | Finance & Investment Law, Private Wealth, Superannuation, Taxation Law, Trusts
Here’s a summary of the latest developments (as of October/November 2025) concerning the proposed Division 296 of the Income Tax Assessment Act 1997 (“Div 296”) superannuation-tax measure in Australia, including key changes, status and next steps. What is Div 296?...
by Gavel Law | Feb 26, 2025 | Gavel Law, Private Wealth, Tax Avoidance, Taxation Law, Trusts
The Commissioner of Taxation (Commissioner) has had a long-standing view that an unpaid present entitlement (UPE) by a trust to a corporate beneficiary is a form of “financial accommodation” where the beneficiary can (but does not) demand the entitlement. This meant...
