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Here is the definition of "bare trust" from Butterworths Concise Australian Legal Dictionary. 1. A trust where the trustee holds the property without any beneficial interest in the property and without any further duty to perform in relation to the trust except to convey the trust property on...

A custodian trustee is no quite a bare trust because the beneficiary doesn't have the right to demand transfer of title while a loan is in place. because the custodian trustee is the legal owner of the property it would have to enter into contracts to lease property. The beneficiary, which is...