Tax Training – 31/5/24 – Dr Campbell Rankine: ACCC v Master Wealth Control and so called “Vestey Trusts”

We will look at the recent case concerning Master Wealth Control Pty Ltd (the DG Institute) and Dominique Grubisa and the purported claims of creating novel trusts by the name of “Vestey Trusts”, the attempts at gift and loan back for asset protection, attempts to defeat creditors, promissory notes, and whether Sharrment Pty Ltd v Trustee in Bankruptcy provides authority for her claims.

Led by Dr Campbell Rankine

Required Reading:

Sharrment Pty Ltd v Official Trustee in Bankruptcy

 [1988] FCA 179;

(1988) 18 FCR 449;

Australian Competition and Consumer Commission v Master Wealth Control Pty Ltd [2024] FCA 344 (9 April 2024) (austlii.edu.au)

and

DG-Institute-Briefing-Paper.pdf