There are no compliance costs or responsibilities unless someone passes away. 

Where the trust is being used for investment purposes, the common compliance costs and responsibilities simply involve applying for a tax file number for the trust, opening a bank account for the trust and lodging an annual tax return for the trust. Your solicitor and your accountant will assist with all of this, and their work will usually be tax deductable.And remember, where you have investments where you’re earning an income in the trust and you’re receiving the huge asset protection benefits plus the $22,500 tax-free for minors kickbacks every year, any ongoing compliance cost will be marginal. The advantages of having the trust will far outweigh the compliance.