For the past 12 months we have been on a thematic arc considering the meaning of “apply” in relation to trust income and capital. This has centred around Fischer v Nemeske Pty Ltd [2016] HCA 11 and the cases leading up to it. Prior to that the arc was on the nature of a beneficiary’s interest in a trust. One upcoming arc will be on the meaning of “pay”.
- Oswal v Commissioner of Taxation [2013] FCA 745
- Owies v JJE Nominees Pty Ltd [2022] VSCA 142
- Trani v Trani [2018] VSC 274