Private Wealth

Greenwoods & Herbert Smith Freehills advises many of Australia’s most successful private groups and emerging entrepreneurial businesses.

We have a full service offering covering strategic domestic and international tax planning, taxation advice on major transactions, and the provision of comprehensive compliance services. We aim to maintain the highest level of client service on every engagement and work alongside our clients in an open and collaborative manner.

With the increasing ATO scrutiny of private groups and high net worth individuals, we appreciate the importance of managing ongoing relationships with the ATO. Our team regularly assists clients with ATO interactions, reviews, audits and disputes. Our clients benefit from our deep understanding of the technical tax issues as well as our industry-specific forensic and strategic insights. Our greatest successes are when we are able negotiate advantageous settlements of major issues for our clients.

Private Wealth Transactions

Private wealth matters

Greenwoods & Herbert Smith Freehills does not disclose information relating to its work on private wealth matters.

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Private Wealth Publications

18 Dec 2017  |  Riposte  |  Private Wealth

The ATO broadens its targeting of private groups

Having focused on the top 320 privately owned and wealthy groups, the ATO is now looking at the next 1,200 largest groups to interview.

26 Sep 2017  |  Riposte  |  Private Wealth

Crackdown on Phoenixing: Director Identification Numbers

The Government has announced a package of reforms in a bid to crackdown on illegal phoenixing activities, which will require every company director to register for a unique Director Identification Number. The Government also intends to consult on other measures targeted towards phoenix operators.

20 Sep 2017  |  Riposte  |  Private Wealth

Corporate tax rate cut - passive income exclusion

The Government has released exposure draft legislation to clarify that the corporate tax rate reduction will not be available for corporate tax entities with predominantly passive income. There are areas of the drafting that may require amendment.

15 Sep 2017  |  Riposte  |  Private Wealth

Private Groups and Trusts under ATO scrutiny

The ‘Tax Avoidance Taskforce – Trusts’ is targeting privately owned and wealthy groups involved in higher risk trust arrangements. The ATO has released a list of situations which attract the Taskforce’s attention and may result in severe sanctions for targeted taxpayers.

04 Aug 2017  |  Riposte  |  Private Wealth

Labor’s family trust distribution tax

In an audacious move to target income splitting, if elected, the ALP will introduce a minimum 30 per cent tax rate on all discretionary trust distributions made to adult beneficiaries.

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Private Wealth team

Andrew White



Cameron Blackwood



Tim Kyle



Narelle McBride