WebJul 27, 2024 · Whilst binding death benefit nominations (BDBNs) typically lapse after three years, the trust deed may contain a clause allowing it to be a non-expiring BDBN. As illustrated in the recent case Hill v Zuda Pty Ltd (2024) WASCA 59, the court of appeal held that a BDBN could be valid for more than three years if the trust deed allowed. WebThe decision in Cantor Management should be taken as settling the question of whether reg 6.17A of the SIS regulations applies to SMSFs until such time as it is overruled by the High Court.”. Hill v Zuda Pty Ltd [2024] WASCA 59, 23/4/21. Hill v Zuda Pty Ltd as trustee for the Holly Superannuation Fund [2024] WASC 89, 25/3/20.
Hill v Zuda - High Court confirms that SISR formalities, for BDBNs …
WebHill v Zuda Pty Ltd [2024] WASCA 59 — how long can a BDBN last for in ALL Australian jurisdictions? SMSF Wills versus BDBNs — What is best? The legal minefield of BDBNs … WebIn this episode of the DBA Lawyers Podcast, Zacharia Galloway, Lawyer and Daniel Butler, Director, discuss the upcoming appeal to the High Court to consider the decision of Hill v Zuda Pty Ltd [2024] WASCA 59 (Hill v Zuda). In Hill v Zuda, the Western Australia Court of Appeal appeared to have settled the debate and confirmed that an SMSF BDBN ... inappropriate christmas jumpers
SMSFs, Non-lapsing BDBNs: There Is No Debate (as long as you …
WebP48/2024. On appeal from [2024] WASCA 59. At first instance HILL -v- ZUDA PTY LTD as trustee for THE HOLLY SUPERANNUATION FUND [2024] WASC 89. Superannuation – Self-managed superannuation fund (“SMSF”) – Binding death benefit nomination – Where reg 6.17A(4), (6) and (7) of Superannuation Industry (Supervision) Regulations 1994 (Cth), … WebIn Hill v Zuda Pty Ltd [2024] WASCA 59, the WA Supreme Court dismissed Ms Hill’s case and held that reg 6.17A of the SISR did not apply to an SMSF. Thus, although the BDBN in the … WebMar 20, 2024 · (1) Section 59(1) of the SIS Act expressly excludes self managed superannuation funds from its application. (2) Therefore, the proviso in s 59(1A) of the … inappropriate christmas socks