The War of the Roses
The Facts
The Notaras brothers, Basil and Brinos, were the only two trustees and members of their self-managed superannuation fund. Following a breakdown in their relationship, Brinos used his power as trustee to sell shares held by the fund and, in the name of the brothers as trustees of the fund, made withdrawals from the fund's bank accounts that exceeded his entitlement.
After completing the withdrawals, Brinos refused to take part in the management of the fund by failing to sign documents that were required to be lodged with the ATO.
The Court decision...
Please click here to read more..
https://docs.google.com/file/d/0BwxEiu6UUke9d1lxU3k4ZDVKZWM/edit
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