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That's very useful information coastymike. In a nutshell what features of the trust allow for this? May the principles be potentially applicable in other states too? Assume its more than just a company sitting under the trust?

Probably going a little far, but you could almost change the original posters sweeping statements on trusts to read HDTs!!! I think you'll find DTs and UTs a lot cheaper to set up and run (and dont have the risk of the ATO ruling against you). Point taken about the NSW land tax though...

This is pretty bad advice. Sweeping generalisations are pretty unhelpful, and wont educate the recipient. Trusts have many, many advantages. And the longer you go down this path the better they get. There is a place for Discretionary Trusts and Unit Trusts (I'll steer clear of the Hybrid...