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Trustees limitation of liability: Myths, mysteries and a model clause Icon Lox ton and Nuncio Angelo* Under Australian trust law, trustees bear unlimited personal liability for trust debts and liabilities.

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What is trustees limitation of liability?

Trustees limitation of liability is a legal provision that limits the personal liability of trustees for actions taken in their role.

Who is required to file trustees limitation of liability?

Trustees are required to file trustees limitation of liability.

How to fill out trustees limitation of liability?

To fill out trustees limitation of liability, trustees must provide information about their role and responsibilities.

What is the purpose of trustees limitation of liability?

The purpose of trustees limitation of liability is to protect trustees from personal financial liability for actions taken in their role.

What information must be reported on trustees limitation of liability?

Information such as the specific activities and decisions made by the trustees must be reported on trustees limitation of liability.

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