Equipping professional accountants for sustainability
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The tax office is stressing the importance of trustees being a fit and proper person, following a favourable ruling in the Administrative Appeals Tribunal.
Last month, the AAT affirmed the commissioner properly exercised his discretion to disqualify a trustee, George Hart, from acting as a trustee, investment manager or custodian, or a responsible officer of a body corporate that is a trustee, investment manager or custodian of a superannuation entity.
Read the full article at SMSF Adviser.