s. 3 trust— S. 3(1) def. of trust (a) includes a trust under which the assets inserted by of a deceased person are held by a No. 85/2005 s. 22(1)(a), personal representative; and substituted by No. 68/2007 (b) does not include an implied or s. 8(3), amended by constructive trust, except where No. 83/2009 expressly provided by this Act; s. 4. except in Division 1 of Part 4, includes S. 3(1) def. of trustee, trustee trustee, executor, administrator, guardian, amended by liquidator and any person having or taking No. 85/2005 s. 22(1)(b). upon themselves the possession, administration, or control of land, income, or other property of any description affected by any trust, or having the possession, control, or management of land of a person under any legal or other disability; in a unit trust scheme, means— S. 3(1) def. of unit unit inserted by (a) a right or interest (whether described as No. 85/2005 a unit or a sub-unit or otherwise) of a s. 22(1)(a). beneficiary under the scheme; or (b) a right to any such right or interest— that entitles the beneficiary to participate proportionately with other unitholders in a distribution of the property of the trust on its vesting; means an arrangement made for S. 3(1) def. of unit trust scheme unit trust the purpose, or having the effect, of scheme providing facilities for participation by a inserted by No. 85/2005 person, as a beneficiary under a trust, in any s. 22(1)(a). profit or income arising from the acquisition, holding, management or disposal of property under the trust, but does not include an excluded trust; means a Minister of the Crown Victorian Minister in right of ;
S. 3(1) def. of trust inserted by No. 85/2005 s. 22(1)(a), substituted by No. 68/2007 s. 8(3), amended by No. 83/2009 s. 4. trust— (a) includes a trust under which the assets of a deceased person are held by a personal representative; and (b) does not include an implied or constructive trust, except where expressly provided by this Act; S. 3(1) def. of trustee amended by No. 85/2005 s. 22(1)(b). trustee, except in Division 1 of Part 4, includes trustee, executor, administrator, guardian, liquidator and any person having or taking upon themselves the possession, administration, or control of land, income, or other property of any description affected by any trust, or having the possession, control, or management of land of a person under any legal or other disability; S. 3(1) def. of unit inserted by No. 85/2005 s. 22(1)(a). unit in a unit trust scheme, means— (a) a right or interest (whether described as a unit or a sub-unit or otherwise) of a beneficiary under the scheme; or (b) a right to any such right or interest— s. 3 that entitles the beneficiary to participate proportionately with other unitholders in a distribution of the property of the trust on its vesting; S. 3(1) def. of unit trust scheme inserted by No. 85/2005 s. 22(1)(a). unit trust scheme means an arrangement made for the purpose, or having the effect, of providing facilities for participation by a person, as a beneficiary under a trust, in any profit or income arising from the acquisition, holding, management or disposal of property under the trust, but does not include an excluded trust; Victorian Minister means a Minister of the Crown in right of ;
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