Litigation expenses incurred by liquidators acting as bare trustees in defending trust property against invalid claims by third parties (including the Commissioner of Taxation) may be properly incurred in the administration of the trust and are recoverable by way of indemnification from the trust fund.
The full text is available to signed-in members, including the 16 later cases that cite this judgment.
3 of the 16 citing cases carry a classified treatment. How each court treated it is available to signed-in members.