QBCC Dissolve The Trust And Use The Company

Q - If trusts prove to be too complicated, then is it easy to shift everything into a company? A lot of accounting firms tell me “This should never have been set up as a trust”.

A - It is not within our scope to provide accounting or business advice, but if a company no longer trades through a trust, then we would likely need to see some financials (which may include a new MFR Report due to section 11F of the MFR Regulation, significant change to a business structure) and evidence that the trust has been dissolved.