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Richstar was a case which involved ASIC prosecution and applicaiton for restrainging orders based on the corporations act. This is largely different from the average joe blow going bankrupt. And as far as I can tell the Richstar decision hasn't been followed. The argument was run in Smith but...

Perhaps with finance - it could result in a slightly easier loan application with less fees. Saves on the ASIC fee of $230 pa. Can't really think of a reason.

This doesn't invalidate a trust! I know of no case law to suggest otherwise. see NSWSC case of Smith from a few years ago.

This is the case regardless of who the trustee is - individual or company.

9, finance. say you were trustee and suffered a default and the trust could no longer borrow or access equity. If the trustee was a company you just move out and replace director

Many advantages 1. asset protection. Trustee is personally liable for debts of the trust. 2. asset protection. limited liability of the company 3. asset protection. clearly separates ownership 4. estate planning - will the shares of the trustee to the person you want to control the trust...