This precedent is an example of the types of powers normally included in a most trust deeds.
The powers are relevant with reference to the separate precedents “Trust deed — family discretionary trust” and “Trust deed — units trust deed”. This can be used as a schedule to a trust deed.
The defined terms within this schedule are defined in the trust deed.
This precedent has been authored for Lexis Nexis by Matthew Burgess, Director, View Legal.