Thanks Terryw and Erik,

I am a non resident for tax purpose in Australia and would like to stay that way, if possible.

Any funds which go into the trust to invest will be long term and any profit made by the trust will be placed back into the trust investment accounts.  The idea will be to build up an Australian trust over the next 20 years or so for my children wealth so there will be very little if any pay outs.

The Trustee was going to be only me.