Background material

Following are the two most recent Australian reports on the topics in this review:

• The liability of beneficiaries, as beneficiaries, to indemnify trustees or creditors when trustees fail to satisfy obligations of the trust - Australian Government, Corporations and Markets Advisory Committee, Managed Investment Schemes, Report (2012) pages 198-201.
• Whether oppression remedies available under company law should be extended to beneficiaries of trading trusts - Victorian Law Reform Commission, Trading Trusts - Oppression Remedies, Report (2015).