AU2.6.1ÌýÌýÌýÌý Overview of trusts in Australia
Trusts can be distinguished from companies and individuals in that trusts themselves are not legal entities.
A trust is essentially a relationship, an obligation imposed on a person or other entity, to hold property for the benefit of another. The entity on whom the obligation rests is known as the trustee. The arrangement is generally documented in the form of a trust deed in which the trustee acknowledges its obligation and a third party, the settlor, donates a sum of money or other
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Web page updated on 17 Mar 2025 13:29