Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This unit introduces students to the nature and function of trusts in the modern Australian legal system. Students learn how trusts are used and learn the rules governing their existence. In particular, the rules governing the creation and administration of trusts, and the rights and obligations of parties to trusts are taught.

Objectives

On completion of this unit students should be able to 1) understand the role of trusts in the modern environment; 2) explain the circumstances in which a trust should be created and the methods by which this can be done; 3) advise as to the proper administration of trusts, including the role of superannuation trustees and 4) analyse documents creating trusts and be able to describe the operation of those provisions.

Assessment

Written research assignment (2000 words): 40% and final written examination (2 hours plus 30 minutes reading and noting time): 60% OR final written examination (3 hours plus 30 minutes reading and noting time): 100%

Chief examiner(s)

Dr Vicki Vann (First Semester)
Dr David Lindsay (Second Semester)

Contact hours

Three hours of lectures per week and one hour tutorial per fortnight

Prerequisites

LAW1100 OR LAW1101 and LAW1102 or LAW1104; LAW2100 OR 2101 AND 2102

Co-requisites

LAW4169 and LAW3401