Nathan is a wealthy investor who is entering into his 'retirement phase'. He is upset with how modern Australia is progressing and wishes to set up a strategic litigation fund in order to fund the legal cases of individuals he thinks have made significant contributions to society. Nathan has heard of a woman - Frances - who he thinks has been unfairly vilified by the media. Nathan decides that he wants to fund defamation proceedings for Frances. Nathan decides that he wants to set up a trust to act as the funding vehicle for Frances' legal fees. Nathan signs a document which states the following: I (Nathan) hold $1,000,000 (1 million dollars) on trust for Frances whilst she fights the mainstream media! I am to pay Frances $25,000 a month from the funds held on trust. Nathan transfers the $1m into a new bank account that he holds with the Commonwealth Bank, and titles the account 'Frances' Fighting Fund. For the following parts of the question, assume that Nathan continues to hold the trust funds in the Commonwealth Bank account. Nathan's past business activities come to haunt him when the Australian Tax Office chases him for unpaid taxes. Even once Nathan liquidates his own investments, he still owes a substantial amount to the tax office. And Nathan doesn't have enough money to fund the retirement lifestyle he had hoped for! As there is still a significant amount of money sitting in Frances' Fighting Fund, Nathan decides that no-one will notice if he moves some funds around. Nathan logs on to his Commonwealth Bank portal and accesses the Frances' Fighting Fund. Nathan makes the following transactions: First, Nathan transfers $500,000 from the Frances Fighting Fund to his regular transaction account. Second, Nathan transfers $100,000 from his transaction account to the ATO. Third, Nathan purchases a set of high-value Pokemon cards for $3,000 dollars as a gift for his nephew, Adam. The Pokemon cards are delivered to Adam's home. Fourth, Nathan purchases a sculpture by Patricia Piccinini for $200,000. Renewed interest in Piccinini's work means that the value of the sculpture is now $250,000.