Watson as trustee for the Murrindindi Bushfire Class Action Settlement Fund v Commissioner of Taxation, [2020] FCAFC 92

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Summaries

Summary Under

expenses incurred in administering a litigation settlement fund were not deductible from the related interest income

The taxpayer was the scheme administrator of an arrangement for the distribution of the $300 million agreed to be paid by the defendants in a...

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Summary Under

administration of litigation trust (generating interest income) was not a business

A trust for distributing $300M in class action damages to the class claimants earned $8.4M in interest income on the funds and incurred $4.3M in...

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