DUTIES ACT 2001 - SECT 57
What is a trust interest
DUTIES ACT 2001 - SECT 57
What is a trust interest
(1) A
"trust interest" is a person’s interest as a beneficiary of a trust, other
than a life interest.
(2) For a trust that is a discretionary trust, only a
taker in default of an appointment by the trustee can have a trust interest.
(3) Also, for a trust that is a superannuation fund, a member of the fund has
a trust interest in the fund. Note— For exemption from transfer duty for a
trust acquisition or surrender of a member’s interest in a superannuation
fund, see section 119 .
