Beneficiaries of trusts have limited rights when they are not shareholders of the trustee company. The law in Victoria grants such shareholders more rights and it may well be that the Victoria parliament will enact legislation extending those rights even further. In NSW, the rights of beneficiaries of trusts are more limited. However the NSW Law Reform Commission is examining this area of the law and is calling for submissions. A link to the section of the website of the NSW Law Reform Commission which deals with this area of potential reform is at:
By Steve McAuley, McAuley Hawach Lawyers
Accredited Specialist – Family Law
Telephone: (02) 9633 1826
Parramatta Office: Level 7 | 9 George Street | Parramatta NSW 2150 | Australia
PO Box 873 | Parramatta NSW 2124 | Australia
DX 8282 Parramatta
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. The information therefore does not constitute legal advice and should not be relied upon. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this publication is accurate at the date it is received or that it will continue to be accurate in the future. We are not responsible for the information of any source to which a link is provided or reference is made and exclude all liability in connection with use of these sources. If you do not wish to receive newsletters from us, please let us know.