s 413E
In forceWho is a default beneficiary
Chapter 10General exemptions
Part 1AExemptions for particular duties for small business restructures
Division 1Some basic concepts for small business restructures
413E Who is a default beneficiary
A default beneficiary of a discretionary trust is a beneficiary who is a taker in default of an appointment by the trustee of the trust, other than a last taker in default of an appointment that is—
(a)
a person decided under the Succession Act 1981; or
(b)
a charitable institution.
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