Running a practice
Service Trusts - ATO requirements
The ATO released a guide in April 2006 on the requirements for businesses who use service trusts. The guide provides an example of how the rules apply to medical practices. The guide is available on the ATO website at: www.ato.gov.au/content/downloads/N13086-04-2006.pdf. If you have any queries about your tax arrangements the RACGP strongly recommends you speak with your professional advisors.