From taxbanter.com.au: TaxYak podcast episode discusses the implications of the Full Federal Court’s decision in FCT v Bendel, where an Unpaid Present Entitlement (UPE) was ruled not to be a loan under Division 7A of the Income Tax Assessment Act 1936.

The podcast highlights taxpayer strategies for UPEs, potential future legal proceedings, and the need for tax agents to be vigilant about compliance risks.