Dr Bill Orow - Specialist advice can create defence shield

  • Author : Bill Orow - 31-03-2021

Dr Bill Orow has been featured in this month's Self Managed Super Magazine. 

SMSF trustees who have sought specialist advice will have a solid defence against claims from the ATO that they have failed to meet their obligations, but only where the advice was relevant to the fund, according to a barrister involved with the Marsella case.

Specialist SMSF advice can act as a defence against claims a trustee has breached their obligations, but only where that advice is appropriate and relevant.

"Written advice would always be viewed favourably because it showed a trustee had taken their obligations seriously and in circumstances where they have relied on that advice, it shows they have acted reasonably and not with recklessness or dishonesty" Bill states.

Read the full article here

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Dr Bill Orow - Specialist advice can create defence shield

Bill Orow Date: 31-03-2021