Land Tax Act 2010
sec.18FWhat is a trust interest
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sec.18F What is a trust interest
A trust interest is a person’s interest as a beneficiary of a trust, other than a life interest. For a trust that is a discretionary trust, only a taker in default of an appointment by the trustee can have a trust interest. Also, for a trust that is a superannuation fund, a member of the fund has a trust interest in the fund. s 18F ins 2019 No. 20 s 14 (sec.18F-ssec.1) A trust interest is a person’s interest as a beneficiary of a trust, other than a life interest. (sec.18F-ssec.2) For a trust that is a discretionary trust, only a taker in default of an appointment by the trustee can have a trust interest. (sec.18F-ssec.3) Also, for a trust that is a superannuation fund, a member of the fund has a trust interest in the fund.