Financial affairs of a trust
For the purposes of this Act, the financial affairs of a trust include: (a) the creation of the trust; (b) matters arising under, or otherwise relating to, the terms of the trust; (c) the appointment and removal of a trustee of the trust; (d) the business, trading, transactions and dealings of the trustee of the trust; (e) the profits, income and receipts of the trustee of the trust; (f) the losses, outgoings and expenditure of the trustee of the trust; (g) the trust property, including transactions and dealings in, and the income arising from, the trust property; (h) the liabilities of the trustee of the trust; (j) the management of the trust; (k) any act or thing done (including any contract made and transaction entered into) by or on behalf of the trustee of the trust, or to or in relation to the trust, at a time when the trust is being wound up; (m) matters concerned with ascertaining the persons with whom the trust is or has been associated; and (n) matters concerned with ascertaining the rights of the beneficiaries under the trust and any payments, or distributions of property, that the beneficiaries have received, or are entitled to receive, under the terms of the trust.
Sourced from the Federal Register of Legislation at 26 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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