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Course profile

Current Issues in Private Law (LAWS7721)

Study period
Sem 2 2024
Location
External
Attendance mode
Online

Course overview

Study period
Semester 2, 2024 (22/07/2024 - 18/11/2024)
Study level
Postgraduate Coursework
Location
External
Attendance mode
Online
Units
2
Administrative campus
St Lucia
Coordinating unit
Law School

This course will examine contemporary issues in private law. Topics will vary from year to year, drawing on the innovative research of TC Beirne School of Law academic staff, as well as the expertise of visiting scholars and leading practitioners. Please refer to the Law School website for current topics.

A typical range of topics will include issues relating to private and commercial law, such as the law of contract, tort, medical law, property, public body liability, unjust enrichment and restitution, law and technology, sports law, and taxation.

LAWS7721 Topic in Semester 2, 2024 is Advanced Law of Trusts and Trustees.


Maitland famously wrote that:

“.The idea of a trust is so familiar to us that we never wonder at it. And yet surely we ought to wonder. If we were asked what was the greatest and mots distinctive achievement performed by Englishmen in the field of jurisprudence I cannot thin that we could have any better answer to give than this, namely, the development from century to century of the trust idea.”

Yet another century has passed since Maitland’s statement was made but it is not hyperbolic to say that the “idea of a trust” is now even more significant in the management and preservation of personal wealth and the carrying out of trade and commerce than ever before; the trust flourishes more now than ever and in more jurisdictions than ever.

This advanced course will examine key aspects of the use and management of the trust relationship in Australia, England and the major “offshore” jurisdictions, whether Crown Dependencies, British Overseas Territories, Hong Kong or Singapore.

The course is a very practical course and will equip students to practice trusts law and litigation at the highest level both in Australia and offshore, including Hong Kong, Singapore, the Chanel Islands and the Caribbean. We address issues that signify for trusts practitioners both domestically and across the world.

The course has also been designed to sit alongside the module on Commercial Equity.

In particular, the development and use of the trust offshore will be central to the course both as an examination of jurisdictions each in their own right, including singular ideas and legislation in the offshore jurisdictions, and by way of comparison with Australia and England.

Topics to be examined are:

  • Asset protection and trusts including, in particular, an examination of Cook Islands’ asset protection trusts / legislation;
  • The use of non-charitable purpose trusts offshore with particular emphasis on the so-called STAR trusts in the Cayman Islands;
  • The attenuation of trustee duties in relation to underlying companies;
  • Third party claims against trustees and trust assets including so-called “firewall” legsialtion offshore and the competing rights of trustee and creditor where a trust estate is insolvent;
  • What is required for an effective exercise of power by a trustee and the various ways in which an exercise of power might be impeached;
  • Trustee liability and exclusion of alibility for breach of trust;
  • Removing and appointing new trustees and/or beneficiaries; and
  • Trustee duties as to the administration of trust property.

Course requirements

Restrictions

Students in the LLM 16 and LLM 24 unit programs only

Course contact

Course staff

Lecturer

Timetable

The timetable for this course is available on the UQ Public Timetable.

Additional timetable information

This course is taught intensively from 9am to 1pm on 10/8, 11/8, 14/9, 15/9, 5/10, 6/10.

Aims and outcomes

Teaching Mission Statement

The mission of the TC Beirne School of Law is to educate students in and about the law. We seek to assist you to think critically about the law and to investigate its structures, principles, policies, and values. This is achieved by engaging with you as fellow investigators in a range of critical and intellectual conversations about the law and its place in society. Our role is thus to guide you in your own intellectual journey in the law and to equip you with the necessary skills that will enable you to continue that journey long after you have left the School.

Course Aims

Refer to objectives below.

Learning outcomes

After successfully completing this course you should be able to:

LO1.

How trusts work in the modern world including, in particular, how offshore jurisdictions have competitively sought to develop the concept of the trust.

LO2.

Singular aspects of offshore trust compared with onshore trusts.

LO3.

How trusts are used to manage and preserve wealth, both onshore and offshore, including the use of trusts for the protection of assets.

LO4.

How trustees’ powers may be controlled whether by settlor or beneficiaries without impeaching the effectiveness of a trust.

LO5.

The enforcement of claims against trustees and trust assets and the particular difficulties in doing so against offshore trusts.

LO6.

Trustee duties and how beneficiaries can enforce their rights as objects of trusts.

LO7.

The effective exercise of trustee powers and the various bases on which such exercises of power may be impeached.

LO8.

Curial powers in relation to the administration of a trust including rescission (or not) of mistaken exercises of power.

LO9.

The problem of so-called insolvent trust estates.

Assessment

Assessment summary

Category Assessment task Weight Due date
Essay/ Critique, Tutorial/ Problem Set Problem Paper
  • Online
50%

30/09/2024 2:00 pm

Essay/ Critique Research Paper
  • Online
50%

8/11/2024 2:00 pm

Assessment details

Problem Paper

  • Online
Mode
Written
Category
Essay/ Critique, Tutorial/ Problem Set
Weight
50%
Due date

30/09/2024 2:00 pm

Learning outcomes
L01, L02, L03, L04, L05, L06, L07, L08, L09

Task description

The assessment task is answer the problem handed out in the first lecture.

Word limit: 4,000-5,000 words excluding footnotes.


This assessment task evaluates student’s abilities, skills and knowledge without the aid of Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.



Submission guidelines

The assignment must be submitted electronically via the assessment submission link on the course Learn.UQ (Blackboard) site.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

Extension to Assessment Due Date

An extension for an assessment item due within the teaching period in which the course is offered will generally be limited to one week in the first instance. In exceptional circumstances, approved extensions may be granted for more than one week but will not exceed four weeks in total. Where a student is incapacitated for a period exceeding four weeks of the teaching period, they should be advised to apply for removal of course.

A student may apply for an extension to assessment due date if they are unable to meet an assessment deadline due to extenuating circumstances. Please refer to the Applying for an extension page on my.UQ for further details on acceptable reasons for an extension and for instructions on how to apply. Additional information on extensions can be found within the Assessment Procedure.

Spoken or written notification of difficulties with assessment deadlines to a course coordinator or the School does not constitute an authorised extension.

Applications to be submitted before the due date: Applications for extension (whether they be medical or exceptional circumstances) shall be made by the due date and time for the assessment. Requests for extensions received after the assessment item submission due date and time, must include evidence of the reason for the late request, and will require the decision maker listed in the Student Grievance Resolution Procedure to accept the request for consideration.

Late submission

A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.

Penalties for Late Submission

The following penalties apply to late submission of an assessment item, assuming that an extension has not been approved, and that late submission is academically possible (e.g., it does not delay feedback to a cohort, or interfere with course delivery).

First 7 periods of 24 hours (or part thereof) - 10% per 24 hours of the maximum possible mark for the assessment item. For example, a report worth a maximum of 40 marks, submitted 28 hours late will attract a penalty of 8 marks, calculated as 2 periods of 24 hours x 10% x 40 marks.

More than 7 periods of 24 hours - 100%.

Research Paper

  • Online
Mode
Written
Category
Essay/ Critique
Weight
50%
Due date

8/11/2024 2:00 pm

Learning outcomes
L01, L02, L03, L04, L05, L06, L07, L08, L09

Task description

Each student will select, with the course co-ordinator's agreement (no later than end of second weekend of lectures/seminars), a topic for a 4,000 -5,000 word essay (excluding footnotes) concerned with the subject-matter of the course.


This assessment task evaluates student’s abilities, skills and knowledge without the aid of Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.

Submission guidelines

The assignment must be submitted electronically via the assessment submission link on the course Learn.UQ (Blackboard) site.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

Extension to Assessment Due Date

An extension for an assessment item due within the teaching period in which the course is offered will generally be limited to one week in the first instance. In exceptional circumstances, approved extensions may be granted for more than one week but will not exceed four weeks in total. Where a student is incapacitated for a period exceeding four weeks of the teaching period, they should be advised to apply for removal of course.

A student may apply for an extension to assessment due date if they are unable to meet an assessment deadline due to extenuating circumstances. Please refer to the Applying for an extension page on my.UQ for further details on acceptable reasons for an extension and for instructions on how to apply. Additional information on extensions can be found within the Assessment Procedure.

Spoken or written notification of difficulties with assessment deadlines to a course coordinator or the School does not constitute an authorised extension.

Applications to be submitted before the due date: Applications for extension (whether they be medical or exceptional circumstances) shall be made by the due date and time for the assessment. Requests for extensions received after the assessment item submission due date and time, must include evidence of the reason for the late request, and will require the decision maker listed in the Student Grievance Resolution Procedure to accept the request for consideration.

Late submission

A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.

Penalties for Late Submission

The following penalties apply to late submission of an assessment item, assuming that an extension has not been approved, and that late submission is academically possible (e.g., it does not delay feedback to a cohort, or interfere with course delivery).

First 7 periods of 24 hours (or part thereof) - 10% per 24 hours of the maximum possible mark for the assessment item. For example, a report worth a maximum of 40 marks, submitted 28 hours late will attract a penalty of 8 marks, calculated as 2 periods of 24 hours x 10% x 40 marks.

More than 7 periods of 24 hours - 100%.

Course grading

Full criteria for each grade is available in the Assessment Procedure.

Grade Cut off Percent Description
1 (Low Fail) 0 - 19

Absence of evidence of achievement of course learning outcomes.

Course grade description: 0% - 19%

2 (Fail) 20 - 47

Minimal evidence of achievement of course learning outcomes.

Course grade description: 20% - 47%

3 (Marginal Fail) 48 - 49

Demonstrated evidence of developing achievement of course learning outcomes

Course grade description: 48% - 49%

4 (Pass) 50 - 64

Demonstrated evidence of functional achievement of course learning outcomes.

Course grade description: 50% - 64%

5 (Credit) 65 - 74

Demonstrated evidence of proficient achievement of course learning outcomes.

Course grade description: 65% - 74%

6 (Distinction) 75 - 84

Demonstrated evidence of advanced achievement of course learning outcomes.

Course grade description: 75% - 84%

7 (High Distinction) 85 - 100

Demonstrated evidence of exceptional achievement of course learning outcomes.

Course grade description: 85% +

Supplementary assessment

Supplementary assessment is available for this course.

Learning resources

You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.

Library resources

Find the required and recommended resources for this course on the UQ Library website.

Learning activities

The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.

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Learning period Activity type Topic
Multiple weeks

From Week 3 To Week 10

Seminar

Seminars

At the end of the course, students should have developed a sophisticated understanding of:

·      how trusts work in the modern world including, in particular, how offshore jurisdictions have competitively sought to develop the concept of the trust;

·      how trusts are used to manage and preserve wealth, both onshore and offshore, including the protection of assets; 

·      how trustees’ powers may be controlled whether by settlor or beneficiaries without impeaching the effectiveness of a trust;

·      beneficiaries’ rights against their trustee and how such rights are enforced;

·      trustee liability and limitation of trustee liability;

·      the enforcement of claims against trustees and trust assets and the particular difficulties in doing so against offshore trusts;

·      beneficiaries can enforce the rights of the objects of trusts, and the question of the extent to which the law facilitates the intentions of the settlors of trusts; 

·      the effective exercise of trustee powers and how such exercises of power may be impeached;

·      entitlement to information as to a trust;

·      curial powers in relation to the administration of a trust including, in particular, rescission (or not) of mistaken exercise of power;

·      removing and appointing trustees and beneficiaries; and

·      trustee entitlement to fees and costs and the rights of trustees compaed with creditors where a trust estate is insolvent.

Learning outcomes: L01, L02, L03, L04, L05, L06, L07, L08, L09

Policies and procedures

University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:

Learn more about UQ policies on my.UQ and the Policy and Procedure Library.

School guidelines

Your school has additional guidelines you'll need to follow for this course: