Showing 1 to 10 of 23 articles: MUHUNTHAN KANAGARATNAM | THURSDAY, 13 APR 2023 The Federal Government (Government) has introduced a Bill to change the tax treatment of off-market share buy-backs (where a company directly repurchases shares from its shareholders and cancels them) by listed public companies. Read more DAMIEN OTTO | THURSDAY, 16 MAR 2023 Families come in all shapes and sizes, each with their own dynamics and challenges. Read more WARREN BLACK | WEDNESDAY, 14 DEC 2022 Setting up a charitable foundation in Australia is great for giving back to the world while receiving benefits such as strong asset protection, tax minimisation and power to extend your financial blessings to others. Read more VICTORIA LINDORES | THURSDAY, 16 DEC 2021 When death or divorce come unexpectedly, and your focus is on preserving your own physical and mental health and that of loved ones, it is normal for financials to become deprioritised. Read more BRETT DAVIES | FRIDAY, 17 SEP 2021 Sometimes people make the mistake of putting specific gifts in their Will. For example, 'I leave my wedding ring to my daughter'. The result of such a gift is that capital gains tax (CGT) death duty will be payable on that wedding ring. At death, your ... Read more PETER TOWNSEND | FRIDAY, 15 JAN 2021 For those wanting to ensure that a particular family member or a person they have specifically chosen becomes the director of a family company when the current director passes away, it can be a minefield. Read more ALEXIS KOKKINOS | FRIDAY, 18 SEP 2020 Understanding the definition of 'income' for trusts has always been important. However, for 30 June 2020, it has been more critical than ever due to the coronavirus (COVID-19) pandemic. Read more LETTY CHEN , ROBYN JACOBSON | FRIDAY, 14 AUG 2020 Recently enacted legislation has extended the director penalty rules to include goods and services tax (GST), luxury car tax and wine equalisation tax. For tax quarters commencing from 1 April 2020, a company director becomes personally liable for these ... Read more SABIL CHOWDHURY | FRIDAY, 17 JUL 2020 An employee share scheme is often the single most important source of wealth generation for an executive over their working life. Employee share schemes come in different forms with different potential outcomes. It is critical for executives to maximise ... Read more |
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Cover Story
Wealth with purpose
PHIL HARKNESS
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
In the realm of Australian family offices, a stark reality emerges: 70% risk dropping the ball on wealth transfer. To curb this trend, Mutual Trust chief executive Phil Harkness and head of strategy Tracy Conlan are dedicated to helping clients create and preserve purposeful multi-generational wealth. Chloe Walker writes.