The federal government has introduced legislation to make good on its intention to fully exclude personal injury funds from the $1.6m cap on money that can be held in a tax-free pension account. The new regime commences 1 July 2017 and now plaintiffs can breathe a sigh of relief.
Thanks to the team at Australian Executor Trustees Limited for inviting Jane Campbell to speak at their Sydney event on 7 July 2016, together with Michael Sassella from the National Disability Insurance Agency.
AET are working hard to register their clients for NDIS care support.
In this article Aeran's Jane Campbell describes Australia's system of financial management; explains the different financial manager choices available to plaintiffs; and clarifies the process for claiming the cost of funds management.