Harwood Superannuation Fund
We negotiated complex implemented consulting arrangements for Harwood Superannuation Fund relating to fund assets exceeding $1 billion in value.
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Simpler Super
We acted for numerous superannuation fund trustees in relation to implementing the Government's Simpler Super initiative, including advising trustee boards and preparing deed amendments.
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Zurich Australia Limited
We acted for ZAL on the transfer of the corporate super division of the Zurich Master Superannuation Fund to a successor fund by advising the life company on various regulatory aspects associated with the transfer and preparing documentation to give effect to the transfer."
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National Australia Bank/MLC
We acted on a large-scale rationalisation of a number of the National's superannuation legacy products and co-ordinated a management paper for the boards of the relevant life companies and superannuation trustee company."
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Additional Funds/wealth management matters
- Extensive advice to many major fund managers arising out funds being frozen due to the global financial crisis. This advice ranged from tax consequences for listed property trusts by deferring distributions through to the duties of trustees and contracting parties under the general law and superannuation and life insurance laws
- Advised many major fund managers as to the issues that were litigated in the Federal Court in the Bamford case and the potential wide ranging consequences
- Advising a major fund manager in relation to its policy for dealing with systemic errors for beneficiaries which are often tax based and involve extensive analysis across tax, regulatory and general law matters
- Advising a major fund manager in the development of an innovative new product which will probably be a first in the Australian market place. The proposed product requires extensive knowledge of tax, regulatory and general laws.
- Advisors to a global fund manager in relation to misconstruing the tax status of certain international investment funds. The matter has involved negotiations with the ATO, restructuring and negotiations with investors and has carried on for about 12 months.
- Advised a large local fund manager in relation to working through a miscalculation of the allocation of tax between investors.
- Provided substantial advice to a large Australian corporate superannuation fund in relation to their rights arising out of certain investments in international hedge funds.
Lead tax partners: John Edstein, Michelle Levy and Karen Rooke (Special Counsel).
“High quality of advice, excellent advocacy skills, attention to detail of documentation and timely production thereof, high involvement of the client in the strategy development phase, and practical understanding of the client's operations.”
The Global 50
PLC Which Lawyer? Yearbook 2007