PG Gell Legal Services Commentary

Overview

We have updated the discretionary trust template and the foreign beneficiary exclusion amendment templates to include new ACT legislation.

We have amended the wording to include a new subclause 8. It refers to Chapter 2A which includes new legislation to exclude foreign persons, corporations and trusts for land tax surcharges. Similar to what other jurisdictions have.

Reckon Docs Commentary

Overview

Trust documents have been updated to include new ACT legislation; we've also made minor typographical corrections to NSW Land Tax.

Technical Details

Updated products

• Unit trust
• Discretionary trust

Summary of updated documents

• Discretionary trust deed
  • included new ACT legislation
• Unit trust deed
  • minor typographical corrections