A covenant in restraint of trade may be given by the natural person practitioner upon transfer of assets to the company. The Commission in Income Tax Ruling 2330 paragraph 36 and in Exposure Draft Ruling 14 identifies situations where income will be considered to flow directly or predominantly from the rendering of personal services. Payroll tax under Payroll Tax Act 1971. See Income Tax Ruling 2494. Query provision of fringe benefits by a practice company to the natural person practitioner.
Fund See above.
This also has some attraction in the availability of FBT treatment on benefits. The Law Society of New South Wales is the professional association for the solicitors branch of the legal profession in the State of New South Wales, Australia. 170 Phillip Street, Sydney NSW 2000, Australia.