Upon completion of this program, individuals will understand the elements of a trust, identify the trust concept in equity, recognise how a trust can be created, and describe the principal taxing provisions. The participants have developed required skills to identify the amounts to be included in the ‘net income’ of a trust estate, calculate the ‘income of a trust estate’, calculate a beneficiary’s share of net income, and calculate the income tax implications for a beneficiary and/or trustee.