Review of laws relating to beneficiaries of trusts

Discussion in 'Legal Issues' started by Terry_w, 4th Jul, 2017.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    The Attorney General has asked the Law Reform Commission to review and report on two aspects of the law relating to beneficiaries of trusts:

    the liability of beneficiaries, as beneficiaries, to indemnify trustees or creditors when trustees fail to satisfy obligations of the trust, and

    whether oppression remedies available under company law should be extended to beneficiaries of trading trusts.

    We are inviting preliminary submissions from interested stakeholders. The deadline for preliminary submissions is Friday 14 July 2017.

    On the question of oppression remedies we have been specifically asked to consider whether to adopt the proposals in the Victorian Law Reform Commission's Report on Trading Trusts - Oppression Remedies, Report (2015).

    Preliminary submissions

    Terms of reference

    Background material

    Laws relating to beneficiaries of trusts
     
    Terry_w, 4th Jul, 2017
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