What is a Beneficiary?

A beneficiary is a person for whom a trust is created & who receives the benefit of that trust. With regard to most discretionary trust deeds “specified beneficiaries” are listed on the schedule and are most commonly immediate family members, &...

What is a Settlor?

A person who makes a gift (AKA “settlement”) of money under a Deed is the usual way to establish a discretionary trust.  The gifter of the money (“settlement”) is called the “Settlor” & the money gift the “settled...

What Do You Need To Setup A Bare Trust

Bare Trust Requirements Establishment of a bare trust is only required should you need to take out a loan (from a bank, private lender, or other source) for the purchase of a residential or commercial property through your SMSF.  If a residential property is...

Company Director Responsibilities

Company Directors Being a director of the company requires an instilment of virtues and responsibilities in every endeavour that you will take. Aside from the willingness to perform the needed tasks with utmost priority and concern, you should also be able to comply...

Register Your Company Rewrite

You need to do your homework before you decide to register as a company.  There is quite a difference between various business structures compared to a company, namely financial, legal & record keeping obligations.  It is most important to consult with...