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- Title
Discretionary trusts: a wider perspective.
- Abstract
The article highlights several court decisions concerning discretionary trusts in Australia. It notes on the decision of the New South Wales Supreme Court which illustrates the difficulties that may arise if the powers conferred on the trustee by trust deed are inadequate and the deed does not contain a power of amendment that would enable the difficulty to be solved. It describes how the meaning of beneficiary in the context of taxation legislation was raised in the case Yazbek v. FCT.
- Subjects
AUSTRALIA; DISCRETIONARY trusts; TRUSTS &; trustees; DISCRETIONARY distributions (Trusts); APPELLATE courts; TAX laws
- Publication
Taxation in Australia, 2014, Vol 48, Issue 7, p357
- ISSN
0494-8343
- Publication type
Article