Recorded Webinar: The War on Trusts - Understanding the ATOs Trust Taxation Focus Areas


21st February 2020
Duration:  approx. 1 hour

You've spoken and we've listened. From 1/8/19 we've structured most of our webinars to run for one hour - the ideal length for staff training sessions. And, for most of you the webinars will be held at lunchtime - the ideal time for attending live webinars.

The ATO’s war on trusts continues apace, with the taxation of family and discretionary trusts continuing to be a major source of audit activity. This session explores some of the recent legislative and administrative changes and how taxpayers can manage these, including:

  • Extending anti-avoidance rules for circular trust distributions:

    • What situations would be covered?

    • What obligations are imposed?

    • When do the provisions apply?

  • Areas of ATO audit activity:

    • Trustee reporting of beneficiary TFNs and withholding where no TFN reported

    • Reviews of family trust elections and interposed entity elections

    • Recharacterisation of trust income

  • Risk mitigation strategies:

    • Reviewing and rectifying mistakes in test individual nominations

    • Ensuring efficacy of trust resolutions from trust law perspective

Recorded Webinars,Taxation,Recorded Webinar:  The War on Trusts - Understanding the ATOs Trust Taxation Focus Areas

Damian O’Connor, Principal & Chartered Tax Advisor, Tax + Law, Brisbane

Damian is a Tax Lawyer and Chartered Tax Advisor with clients in Melbourne, Brisbane, the Gold Coast, around Australia and overseas.

He has been helping clients with Corporate, Commercial and Tax aspects of their businesses for 18 years, most recently as a tax partner with national law firms, following 23 years with the Australian Taxation Office as an investigator and auditor and in other roles.

Damian has assisted many clients with the tax complications of planning and structuring their business and financial affairs, and has successfully managed taxation audits (including payroll tax and state duty dealings), debt and penalty negotiations, Director Penalty claims, private rulings, objections and tax appeals to the AAT and the Federal Courts.

He has considerable experience working for clients when the going gets tough, and has defended tax prosecutions and managed many contentious, complex, high risk and high stress tax matters, including Project Wickenby raids.

Damian regularly presents seminars on Tax aspects of business transactions, family law, trusts and estates, Division 7A, superannuation and most other areas of tax law for a range of organisations including Television Education Network, Law Institute of Victoria, Queensland Law Society, North Queensland Law Association, the Tax Institute, Griffith University, QUT, Law Central, Australian Corporate Lawyers Association, Australian Stock Reports and Legalwise.


This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email:
Recorded Webinars,Taxation,Recorded Webinar:  The War on Trusts - Understanding the ATOs Trust Taxation Focus Areas

© Television Education Network Pty Ltd 2020

Product Code: WBQFEB20
 Price:  $264.00 (Inclusive of GST)
© 2020 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.