Liability of Employees of NAB Trustee

Not only do the Directors of the NAB Trustee, PFS Nominees Pty Ltd, have a personal liability if they assist with knowledge of with a Breach of Trust or breach of fiduciary duty, but the employees of the NAB Trustee may also have a personal liability.

This has been confirmed in Wickstead v Browne (1992) 30 NSWLR 1.

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