If you want to understand Bendel, you need to understand Ward VIRC. This session continues our work on present entitlement, and looks at what it means for a trustee to “apply” trust income. The text is Commissioner of Inland Revenue (NZ) v Ward [1970] NZLR...
This session examines Fortescue Metals Group Ltd v The Commonwealth [2013] HCA 34; (2013) 250 CLR 548, the Mining Tax Case, in which a unanimous six‑member Court (French CJ, Hayne, Crennan, Kiefel, Bell and Keane JJ) upheld the validity of the Minerals Resource...
This week’s session continues the series on Commissioner of Taxation v Bendel [2026] HCA 18, picking up where last week left off. The focus this week is present entitlement and the separate trust, taken in that order. Come prepared to discuss the following: How...
This week’s session continues the series on Commissioner of Taxation v Bendel [2026] HCA 18, picking up where last week left off. The focus this week is present entitlement and the separate trust, taken in that order. Come prepared to discuss the following: ...
This session continues last week’s discussion on vector-based accounting for trusts. The issue remains whether trust accounts should be understood as a single static balance sheet, or as a series of related but distinct accounts which separately express legal form,...
Last week we turned to consider s 106-5 of the ITAA 1997 and the question of what CGT event occurs when a partner contributes an asset to a partnership without transferring legal title, and how the resulting gain or loss is attributed between the partners....
