First Principles of Business Law
Business organisations in Australia

4. Trusts

Question 5. What happens to income generated by a trust?

 

 

 

Read the statements below and select the best one.

(a) The law requires that income from a trust must be distributed equally between all the beneficiaries.

(b) The terms of an instrument of trust may indicate how income is to be distributed between the beneficiaries, including the possibility of giving discretion in this matter to the trustee.

 

 

 

 

 

 

 

 

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