Merchant v CofT – decision to disqualify SMSF trustees – AAT would not defer the review until after tax objections relating to the same transaction were determined
The AAT has rejected an application, to adjourn its proceedings, for review of decisions to disqualify the applicants, as trustees of superannuation entities, pending the outcome of challenges to income tax assessments based on the disqualifying transactions. See below for further details. [Tax Month – April 2021]