Blogs
The latest changes in laws that affect you
Legal updates and tips & tricks for anyone to reference. They are not designed as a substitute for legal advice.
Tax complications for Trusts with Australian resident beneficiaries, trustees or protectors
Tax complications for Trusts with Australian resident beneficiaries, trustees or protectors
Illusory trusts
A trust which is not a sham and is therefore valid cannot somehow be “illusory”. There is either a valid trust or there is not.
The Trusts Act 2019
The Trusts Act 2019 will come into effect on 30 January 2021. The Trusts Act 2019 will replace the Trustee Act 1956 and the Perpetuities Act 1964 to make trust law more accessible, clarify and simplify core trust principles and essential obligations for trustees, and preserve the flexibility of the common law to allow trust law to continue to evolve through the courts. It is essential that all trust deeds are updated.