Trust law/Australia

From Wikipedia, the free encyclopedia

This article or section does not adequately cite its references or sources.
Please help improve this article by adding citations to reliable sources. (help, get involved!)
Any material not supported by sources may be challenged and removed at any time. This article has been tagged since March 2007.

Trust law in Australia

In Australia, trust law is under the jurisdiction of state governments, and the legislation often interacts with Corporations law and Family tax law. Equity still regulates trust law to a significant extent, and Australian law has often followed English developments.

There are a variety of trusts recognised and used in Australia, including Unit trusts, Discretionary trusts and Hybrid trusts. Testamentary trust are also sometimes used.

A discretionary trust is often known as a "family trust" in Australia.

Retrieved from "http://en.wikipedia.org../../../t/r/u/Trust_law_Australia_1db3.html"