Recorded Webinar: Cleaning Up Outstanding UPEs: The Clock is Ticking Down

Friday 18th August 2017
Duration: approx. 1.5 hours
Following the introduction of TR 2010/3, many trustees decided to put funds representing a UPE on a seven-year interest only loan from the sub-trust to the main trust. With the seven-year deadline fast approaching, now is the time to get your house in order. This webinar focuses on:
  • PCG 2017/13 and the options available to trustees
  • Finding and offsetting credit loans involving related third parties
  • Cleaning up outstanding UPEs – how to do it
  • Unwinding use of corporate beneficiaries
  • Division 7A consequences in relation to the proposed release of a UPE
  • When will the release of a UPE represent a financial benefit to the trust?
  • Round robin UPEs: proceed with caution
  • Dealing with outstanding Div 7A loans generally:
    • credit loan offsets
    • declaring franked dividends
    • liquidating the company and distributing the loans to shareholders – tax issues
    • running off the loss when the owners retire
    • maximising the franking credit benefit
    • outstanding Div 7A loans on the death of a borrower
    • section 109R and reloaning
Our presenter

Mark Molesworth, Partner, BDO, Brisbane

Mark is a Tax Partner with BDO in Brisbane. His legal and accounting training provides the basis for a comprehensive understanding of taxation laws. As a result, his clients benefit from accurate tax advice and solutions to their current and future business issues.

Having worked with clients across multiple sectors and borders, Mark has acquired a thorough knowledge of tax law and current trends in the tax arena. He has strong analytical skills, combined with excellent communication skills, and holds a reputation for providing practical solutions to clients’ needs and requirements with the goal of optimising the impact of tax provisions. He has particular expertise in income tax law, including the debt and equity provisions, income tax consolidation regime, CGT rollover relief and trust loss provisions. He undertakes prudential tax reviews and provides tax effective structuring to corporate groups, including public sector and not-for-profit entities.

Mark joined BDO’s tax team in 1998 as a graduate and was made a partner in 2006.   Mark is heavily involved in the financial services, technology, media and government sectors.


This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 9670 2055 or email:
Product Code: WBNAUG17
 Price:  $253.00 (Inclusive of GST)
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