Australian Trust Law
Trust law, Corporate law, Family law
978-613-7-23147-0
613723147X
60
2012-05-22
29.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In Australia, trust law is under the jurisdiction of state governments, and the legislation often interacts with Corporations law and Family tax law. Equity still regulates trust law to a significant extent, and Australian law has often followed English developments. There are a variety of trusts recognised and used in Australia, including Unit trusts, Discretionary trusts and Hybrid trusts. Testamentary trust are also sometimes used. Often referred to as a "family trust" in Australia, is a discretionary trust where the trustee has made a family trust election. Family trusts provide flexibility in relation to distributions of income and assets among members of the family, while at the same time permitting the family to maintain either direct or indirect control over funds or other assets that have become the property of the family members.
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Droit
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