The article discusses the Supreme Court cases "Re Permewan" and "Re Permewan No. 2" and the reasons why the gift and loan back arrangement in "Re Permewan No. 2" was invalid and unenforceable. It mentions the impact that "Re Permewan No. 2" will have on gift and loan back arrangements and on earlier gift and loan back cases such as "Atia versus Nusbaum." It provides some key outcomes for estate planning practitioners on asset protection.