Queensland Consolidated Acts Queensland Consolidated Acts(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.