What is a Unit Trust? In Australia, a Unit Trust is a distinctive business structure where trust assets are divided into units, owned by unit holders. The governing document, the unit trust deed, outlines rules and rights associated with trust assets. Unlike a discretionary trust, a unit trust offers fixed interests to unit […]
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Understanding the Basics: Roles, Responsibilities, and Terminology In Australia, there are a number of parties associated with a discretionary trust. This initiated by a Settlor who provides the settled sum and executes the Trust Deed. The Trustee, whether an individual or a company, is the legal owner of trust assets, and must act in
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