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The Attorney General has asked the Law Reform Commission to review and report on two aspects of the law relating to beneficiaries of trusts:
the liability of beneficiaries, as beneficiaries, to indemnify trustees or creditors when trustees fail to satisfy obligations of the trust, and
whether oppression remedies available under company law should be extended to beneficiaries of trading trusts.
We transmitted our report to the Attorney General on 2 May 2018.
Report 144 was tabled in Parliament on 31 July 2018.
Report 144 [PDF, 691Kb]
Legislative action: Justice Legislation Amendment Act (No 2) 2019 (NSW)
Consultation Paper 19
Terms of reference
Report 144 (2018): Laws relating to beneficiaries of trusts