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- Title
Discretionary trusts: some current issues.
- Abstract
The article discusses current issues on discretionary trusts, citing the case of Montevento Holdings Pty Ltd versus Scaffidi and the Australian High Court's decision. In this instance, the High Court was called on to consider whether the terms of a discretionary trust deed prevented an individual appointor, who was a beneficiary, from appointing, as a trustee, a company of which he was the sole shareholder and director. The facts of the case and decisions presented by the Courts are discussed.
- Subjects
AUSTRALIA; DISCRETIONARY trusts; ACTIONS &; defenses (Law); MONTEVENTO Holdings Pty. Ltd.; SCAFFIDI (Company); LEGAL judgments; TRUSTS &; trustees; STOCKHOLDERS
- Publication
Taxation in Australia, 2013, Vol 47, Issue 7, p397
- ISSN
0494-8343
- Publication type
Article