Australia, Aug. 4 -- New South Wales Land and Environment Court issued text of the following judgement on July 3:
1. The Gould Family Trust (the Trust) is a discretionary trust established by deed of settlement dated 1 July 1985 that established the Trust (the Deed).
2. Clause 15 of the Deed conferred on "the Parent" a power to remove any trustee or to appoint any new or additional trustee of the Trust.
3. Clause 21 of the Deed conferred on the trustee a power to "by resolution or deed revoke add to or vary all or any of the trusts contained in this Deed".
4. The first plaintiff, Vanda Russell Gould, is "the Parent" named in the Deed.
5. Mr Gould exercised his power under clause 15 to appoint the first defendant, VRG Management Pty Ltd...