Could you please tell me about trust funds in australia and how it works as an investment?

Question

Could you please tell me about trust funds in australia and how it works as an investment?

Answer 1

Yes you can open a trust fund at a bank, but you can't earn interest on it, as the Government has cracked down on this big time, some time back, because alot of people where hiding their extra cash in a so called trust fund made out in the name of their children or grandchildren.