In what form are the tax benefits realised? I believe there was a Victorian bill passed in response to a ruling pertaining to trust, where some form of "work-around" of tax was vindicated….

I am particularly interested in finding more about obligations of the trustee (s), not including those constructed in the deed. Is there a act/regulation pertaining to the adminstration of trusts and responsibility of trustees? In particular with respect to cases of multiple trustees as to whether signatures from all trustees be required for, say, borrowing on behalf of the trust.