Australian Taxation Institute Journal – Trustee’s minute of meeting evidences bad faith
by Christine Smyth, TEP, & Katerina Peiros, ATI, Hartwell Legal. The failure of a discretionary trustee to give real and genuine consideration in their decision-making, and to act in good faith and for proper purpose, invalidated a distribution decision. Trani v Trani1 defies all odds. The legal principles are simple and yet rare to be applied successfully. The facts are trite. Patrizia Trani lost control of […]
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