Trustee Laws

Standing Committee on Uniform Legislation and Intergovernmental Agreements· 31 October 1996general_report

This 1996 WA parliamentary committee report examines trustee laws, prompted by South Australia and Victoria adopting 'prudent person' legislation in 1995. It explores options for Western Australia, including retaining authorised investments, adopting the 'prudent person' principle, or a combination. The report recommends considering a prescribed investment list, including shares with an AA- credit rating.

Impact

Lay and professional trustees in Western Australia would be affected by changes to investment options and responsibilities. Beneficiaries of trusts would also be impacted by changes to investment strategies.

financepublic_sectortrustee lawsWestern Australiaprudent person principleauthorised trustee investmentsinvestmentcredit ratingtrustslegislationuniform legislationintergovernmental agreements

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