Scott Donald

Jul 4, 2024 | lexology.com | Michael Vrisakis |Scott Donald |Hartley Spring

On 30 May 2024, the Supreme Court of Queensland handed down its decision in Perpetual Trustee Company Limited v Shambrook [2024] QSC 105 (PTCo v Shambrook). The fundamental issue in this case was whether a trustee, in allocating a beneficiary’s funds to a superannuation fund that shared a common parent company with that trustee, breached the rule against conflicts of the trustee’s duty and personal interest (the “no-conflict” rule).