This case concerned a testamentary trust which provided for a life interest in the "income and profits" of an estate.
An important case concerning the a decision addressing how and when property, purchased ostensibly on trust, vests.
This case concerned allegations against a director for misusing information known to her to divert a business opportunity to another company of which she was the sole director.
This is a recent decision of the Supreme Court considering the interaction between theTrusts Act 1973 and those provisions of the Corporations Act 2001 (Cth) ss 601-601AH, which address how the trust property of a deregistered corporate trustee is to be dealt with.
This matter concerned two identical applications, brought pursuant to s94 of the Trusts Act 1973, to amend the vesting date of two discretionary trusts.