First Principles of Business Law
Business organisations in Australia

4. Trusts

4.2. Questions to consider

 

 

 

Here is a list of all the questions dealt with in this section, using the facts of Edward's case as an example. Click on each of the questions in the list for more information.

 1

Can a trust be used to run a business?
 2 How is a trust created, and what legislation applies to trusts?
 3 Who owns the property that is vested in a trust?
 4

What duties are owed by a trustee to the beneficiaries of the trust?
 5

What happens to income generated by a trust?
 6 To what extent is a trustee personally liable for transactions carried out for the trust?
 7

Can a trustee also be a beneficiary of the trust?
 8

Does running a business as a trading trust provide tax advantages? 

 

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