by Gavin Bateman 23 October 2009A discretionary trust is one of the most common small business structures in Australia. This is sometimes called a “family trust”.
In an ordinary discretionary trust, the beneficiaries do not have a fixed entitlement or fixed interest in the trust funds.
by Gavin Bateman 23 October 2009A unit trust is a trust in which the trust property is divided into a number of defined shares called units. The beneficiaries subscribe for the units in much the same way as shareholders in a company subscribe for shares.
