Duties Act 2001

A trust interest is a person’s interest as a beneficiary of a trust, other than a life interest.

For a trust that is a discretionary trust, only a taker in default of an appointment by the trustee can have a trust interest.

Also, for a trust that is a superannuation fund, a member of the fund has a trust interest in the fund.

Note—For exemption from transfer duty for a trust acquisition or surrender of a member’s interest in a superannuation fund, see section 119.