Trust Issues | Why does the Governing Law of a Trust Matter?
The governing law of a trust determines which State or Territory laws apply to the trust and which courts have the jurisdiction to hear a dispute. Therefore, a trustee must know which laws govern the trust to perform their role properly. The governing law of a trust...
Why jurisdiction matters when it comes to trusts
Trusts may be ubiquitous in the Australian business landscape, but they are not simple structures to administer. If you have a trust, or are establishing a trust, one aspect you need to consider is the ‘governing law’ or the jurisdiction of the trust. Let us tell you why…
Solution Brief: Unit trusts
A ‘unit trust’ is a commonly used structure for ‘pooling money’ and holding investment assets, particularly property. They are sometimes used for carrying on a small business, but this is less common. What is a unit trust? A ‘trust’ is a legal relationship between at...
Solution Brief: Leveraged Trusts
A hybrid trust is a structure for holding investments when you want to access enhanced “asset protection” and “negative gearing”. A hybrid trust is an alternative to both a standard “discretionary” or “family” trust, which generally do not allow negative gearing in...