MLC 2023 Glossary of terms
BENEFICIAL OWNER The owner of a beneficial interest in land. Where land is vested in trustees, the trustees are the legal owners of the land and they hold it upon trust for the beneficial owners and they manage that land in accordance with the trust order set by the Court.
Documents/Guides-Templates-Factsheets/MLC-2023-Glossary-of-terms.pdf (278 kb)