MLC 2023 Glossary of terms
This legislation makes provision for contracts made by minors. 2. The Trusts Act 2019 provides three definitions: • an “adult” as a person aged 18 years or over; • a “child” as a person under the age of 18 years; and • the “age of majority” for trusts as 18.
Documents/Guides-Templates-Factsheets/MLC-2023-Glossary-of-terms.pdf (278 kb)