#105 Richstar rises from the dead

Did the Federal Court just reheat Richstar 20 years later? In this podcast episode, I'll discuss the Federal Court decision of Filippini v Keystone Asset Management Limited and the orders the court imposed on the assets of a discretionary trust relying on the 20 year old Richstar decision. I'll share my thoughts on what this means for structuring the control of discretionary trusts for maximising asset protection and whether this erodes the centuries old principles of trust law. The decisions mentioned in this episode are: Filippini v Keystone Asset Management Limited (Receivers and Managers appointed) (in liquidation) [2026] FCAFC 71 Australian Securities and Investments Commission v Carey (No 6) (2006) 153 FCR 509 Deputy Commissioner of Taxation v Vasiliades [2014] FCA 1250