AYB240 Lecture Notes - Lecture 4: Corporations Act 2001, List Of Bus Routes In Staten Island, Investment Strategy

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5 Jul 2013
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Lecture 4: governance of super funds management. Trustee or trustees hold and administer property (trust estate) Trust estate held on behalf of beneficiaries: beneficiaries are entitled to share trust estate. Sets out the terms for how trustees must deal with trust property for the benefit of beneficiaries. Upon appointment, trustee has all powers conferred by the trust deed and relevant laws: trustees can be members of the fund. If trustee a company, all directors personally bound by the governing rules as if they are the trustee themselves. Period of office is in accordance with the governing rules. Cannot be a trustee if a disqualified person : convicted for offence involving dishonest conduct , received civil penalty order, undischarged bankrupt, disqualified for breaches of sis act or financial sector (collection of data) act 2001. Cannot be a trustee if: any one of directors or secretary or executives is disqualified person , company is receivership, administration or liquidation or being wound up.

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