From www.accountantsdaily.com.au: Accountants are warned about compliance issues with family trusts that could result in unexpected tax liabilities as the ATO intensifies scrutiny in this area.

Kristy-Lee Burns from Owen Hodge Lawyers highlights risks including poor succession planning and improper beneficiary distributions, particularly involving high-net-worth taxpayers.

The ATO aims to address deliberate tax avoidance through family trusts while advising professionals to maintain meticulous records and seek expert tax advice to mitigate potential risks.