In Brooks v CofT, the AAT upheld the Commissioner’s decision to disqualify an SMSF director and shareholder for presiding over an undocumented loan from the fund, to he and his wife, of $257,000. It also upheld an assessment, including the loan receipt as a superannuation benefit prior to a condition of release.
See below for a summary of the case.
FJM 1.7.19
