This session considered some recent amendments and case law, as well as some of the aspects of duties that catch advisors out when they’re working with trusts, including:
- Refresher on land holding trusts and other duty issues for trusts across the states and territories
- Varying interests in a landholding trust (with reference to the recent ‘GLDT’ case in the ACT)
- What are many practitioners unaware of that they really need to know, and what are they getting wrong in relation to duties issues for trusts? and
- Declarations of trusts and dissolutions of partnerships of trusts – drawing from Rojoda, Benidorm, and (more recently) Leemhuis Investments Mitchell Pty Ltd v Cmmr for ACT Revenue.