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Reply: 1.1 From: Donna L Tibor - Note that I did say there were some tax issues. If the money is invested on BEHALF of your child then you will continue to attract tax at a punitive rate i.e. around 60% I think for a child on unearned income. This is to deter parents from offloading...

From: Donna L My husband is a solicitor. He refers me to the Minors (Property & Contracts) Act, 1970 (NSW) Section 19 "Where a minor participates in a civil act and his or her participation is for his or her benefit at the time of his participation, the civil act is presumptively binding...