Applying the 'Keep it Simple' principle to corporate structures

Applying the ‘Keep it Simple’ principle to corporate structures Senior managers and board members are increasingly recognising that simplifying the legal structure of a group can reduce the regulatory compliance and corporate governance burden on a business and increase transparency.

At the same time, there is a growing understanding of the consequences of a misalignment of the operational and legal structure and the negative impact on business efficiency that comes with maintaining a number of non-trading or dormant entities.

Historically, tax consequences, stamp duty and operational issues have been hurdles to simplifying corporate structures. But many of these have been removed and the availability of a variety of stamp duty exemptions for corporate reorganisations and liquidations means there has never been a better time for corporates to simplify their group structures.

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David Pratt
Managing Director
Tel: +61 2 8266 2776

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