Insolvency Practice Schedule was introduced via Insolvency Law Reform Bill 2015. Practice Schedule was introduced together with the Insolvency Practice Schedule Bankruptcy to provide rules to aid in the handling of personal bankruptcies and corporate external administration.
A recent court case illustrates the potential difficulties that can arise where SMSF professionals fail to identify issues with trust deeds or BDBNs. As explored in previous articles in SMSF Adviser,
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