First Principles of Business Law
Business organisations in Australia

4. Trusts

Question 4. What duties are owed by a trustee to the beneficiaries of the trust?

 

 

 

Read the statements below and select the best one.

(a) As regards duties owed to the beneficiaries of the trust, a trustee is only required to comply with the provisions of any instrument of trust, and any relevant legislation.

(b) As regards duties owed to the beneficiaries of the trust, a trustee is bound by the provisions of any instrument of trust, any relevant legislation, and also by duties that arise in equity.

 

 

 

 

 

 

  

 

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