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Trusts – FED

29 November 2024 by By Lawyers

Update to the definition of foreign person in discretionary trust deeds

The By Lawyers discretionary trust deeds and associated precedents have been updated to clarify the definition of foreign person.

The definition operates in the clauses that prohibit a foreign person from being a beneficiary, to avoid the imposition of surcharge duty and land tax.

See the discretionary trust deeds in the By Lawyers Trusts guide.

Filed Under: Australian Capital Territory, Companies, Trusts, Partnerships and Superannuation, New South Wales, Northern Territory, Publication Updates, Queensland, South Australia, Tasmania, Victoria, Western Australia Tagged With: discretionary trusts, Foreign beneficiaries, trusts

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