What is a trust and how does it operate?

What is a trust and how does it operate?

A trust of property is an obligation on the trustee to hold property or income for a particular purpose on behalf of other people. There are a number of different types of trusts: discretionary trusts unit trusts (public & private) a combination of a unit &...
Self managed super fund investment and rules

Self managed super fund investment and rules

What is the sole purpose of a Superannuation Fund? The object of the sole purpose test is to ensure that regulated superannuation funds are maintained for the purpose of providing benefits to fund members upon their retirement or their dependents, in the case of...