Various people have tried to break Family trusts over the years and failed.
It is the way family assets are passed on.
Ill tell you this again. Most politicians and a whole lot of other businesses are run from Family trusts (Discretionary funds) and there is no reason to break into discretionary funds they are completely legally and morally sound. They pay full tax as required. Unlike SMSF they are not available to be plundered by governments or banks.
They can also give loans to Beneficiaries at whatever interest rate the Trustee decides on.
I hope this clarifies things.
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- Labor's Proposed Changes to Fanking Credits Tax Refunds
Labor's Proposed Changes to Fanking Credits Tax Refunds, page-24
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