Appeared for trustee of Non-Government Schools superannuation scheme, instructed by Minter Ellison.
Successful application for judicial advice.
EQUITY – Trusts and trustees – Judicial advice under s 63 of the Trustee Act 1925 (NSW) – where proposed amendments to trust deed of industry superannuation fund give trustee power to be paid and retain remuneration – where amendments sought to enable trustee to meet potential liabilities against it and its directors – where trustee is not-for-profit company with nominal capital – where trust deed contains existing remuneration power – whether proposed amendments consistent with recent amendments to ss 56(2) and 57(2) of the Superannuation Industry (Supervision) Act 1993 (Cth) and duties of the trustee
Judgment:
Media coverage:
No rush for more mergers amid stricter regulations: NGS Super’s Wright (Investment Magazine, 8 December 2021)