Trust registries, discretionary trusts and beneficial owners: a dubious gift from civil lawyers?
Abstract Registries have lately been introduced in several jurisdictions for the purpose of identifying the beneficial owners of trust property. This article examines the design of the UK registry from an Australian perspective. Problems of coherence and over-inclusion are identified in the way that...
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| Veröffentlicht in: | Trusts & trustees 2021-09, Vol.27 (7), p.673-685 |
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| container_title | Trusts & trustees |
| container_volume | 27 |
| creator | Glover, John |
| description | Abstract
Registries have lately been introduced in several jurisdictions for the purpose of identifying the beneficial owners of trust property. This article examines the design of the UK registry from an Australian perspective. Problems of coherence and over-inclusion are identified in the way that the registry applies to discretionary trusts. “Control over the trust” senses of “beneficial owner” are examined in the light of good drafting criteria and authoritative statements of trusts law. Whether legislation enacting the registry will withstand future judicial scrutiny is questioned. |
| doi_str_mv | 10.1093/tandt/ttab034 |
| format | Article |
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Registries have lately been introduced in several jurisdictions for the purpose of identifying the beneficial owners of trust property. This article examines the design of the UK registry from an Australian perspective. Problems of coherence and over-inclusion are identified in the way that the registry applies to discretionary trusts. “Control over the trust” senses of “beneficial owner” are examined in the light of good drafting criteria and authoritative statements of trusts law. Whether legislation enacting the registry will withstand future judicial scrutiny is questioned.</description><identifier>ISSN: 1363-1780</identifier><identifier>EISSN: 1752-2110</identifier><identifier>DOI: 10.1093/tandt/ttab034</identifier><language>eng</language><publisher>Oxford: Oxford University Press</publisher><subject>Attorneys ; Beneficiaries ; Interest (Law) ; Laws, regulations and rules ; Recording and registration ; Trusts ; Trusts and trustees</subject><ispartof>Trusts & trustees, 2021-09, Vol.27 (7), p.673-685</ispartof><rights>The Author(s) (2021). Published by Oxford University Press. All rights reserved. 2021</rights><rights>COPYRIGHT 2021 Oxford University Press</rights><rights>The Author(s) (2021). Published by Oxford University Press. All rights reserved.</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,1578,27903,27904</link.rule.ids></links><search><creatorcontrib>Glover, John</creatorcontrib><title>Trust registries, discretionary trusts and beneficial owners: a dubious gift from civil lawyers?</title><title>Trusts & trustees</title><description>Abstract
Registries have lately been introduced in several jurisdictions for the purpose of identifying the beneficial owners of trust property. This article examines the design of the UK registry from an Australian perspective. Problems of coherence and over-inclusion are identified in the way that the registry applies to discretionary trusts. “Control over the trust” senses of “beneficial owner” are examined in the light of good drafting criteria and authoritative statements of trusts law. 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Registries have lately been introduced in several jurisdictions for the purpose of identifying the beneficial owners of trust property. This article examines the design of the UK registry from an Australian perspective. Problems of coherence and over-inclusion are identified in the way that the registry applies to discretionary trusts. “Control over the trust” senses of “beneficial owner” are examined in the light of good drafting criteria and authoritative statements of trusts law. Whether legislation enacting the registry will withstand future judicial scrutiny is questioned.</abstract><cop>Oxford</cop><pub>Oxford University Press</pub><doi>10.1093/tandt/ttab034</doi><tpages>13</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1363-1780 |
| ispartof | Trusts & trustees, 2021-09, Vol.27 (7), p.673-685 |
| issn | 1363-1780 1752-2110 |
| language | eng |
| recordid | cdi_proquest_journals_2626903252 |
| source | Oxford University Press Journals All Titles (1996-Current) |
| subjects | Attorneys Beneficiaries Interest (Law) Laws, regulations and rules Recording and registration Trusts Trusts and trustees |
| title | Trust registries, discretionary trusts and beneficial owners: a dubious gift from civil lawyers? |
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