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All you wanted to know about trusts but were afraid to ask paper

Published on 28 Feb 19 by VICTORIAN DIVISION, THE TAX INSTITUTE

This paper covers:

  • what is a trust?
  • why would the terms of a trust be varied and how can that be done?
  • trust vesting
  • what does a trustee have to do?
  • how can trustees protect themselves from liability?

Author profiles

Terrence Murphy QC, CTA
Terry has focused on advising and appearing for taxpayer and revenue authorities in the Federal Court and High Court and in alternative dispute resolution for over 30 years. He was appointed to be the Special Counsel to the Australian Taxation Office from 2008 to 2010, is a member of Taxation Subcommittee of the Law Council, Chair of the Tax Group Advisory Board, and a Senior Fellow of the University of Melbourne Law School. - Current at 05 November 2019
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Daniel Diaz FTI
Daniel is a barrister at the Victorian Bar practising in taxation law. He acts for taxpayers, including public companies, private companies and individuals, and the Commissioner in matters concerning income tax, GST and state taxation laws. Prior to being called to the Bar, he was a solicitor at Arnold Bloch Leibler and Allens Arthur Robinson (now Allens). - Current at 29 May 2019
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