Chapter 8 - Beneficiaries, insolvent corporate trustees and definitions

Questions

Q16

Are there problems arising in relation to beneficiaries of trading trusts?

Q17

Is any reform necessary relating to beneficiaries of trading trusts, and if so, in what way? Do you consider that directors of corporate trustees should have the same obligations to beneficiaries as if they personally were the trustees?

Q18

Are the problems arising from insolvent trading trusts correctly identified?

Q19

Do any of the issues referred to regarding insolvent trading trusts require legislative clarification or reform?

Q20

Can the term “trading trust” be defined adequately in legislation? If so, what form should the definition take?