What is a business?
Type: Theory Start taskRead more
Questions: 3
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C1.1 Why go to the trouble?
Type: Mixed Start taskRead more
Questions: 14
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C1.2 Applying for an ABN as a sole trader
Type: Mixed Start taskRead more
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C1.3 About ABNs
Type: Theory Start taskRead more
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 28

    'I like to pay taxes. With them I buy civilization'. Oliver Wendell Holmes, Jr

     

     

Trust

A trust exists when a person or company (called a 'trustee') holds assets on behalf of others who are intended to benefit from the assets, or income from those assets. Those intended to benefit are called 'beneficiaries'.

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