Unit Trusts A Unit Trust is generally used to conduct investment or trading activities between “unrelated” parties. The structure of a Unit Trust is similar to a Company. In a Company the members hold shares in proportion to their investment in the Company. Similarly, in the Unit Trust, the beneficial interest in the Trust property is divided into Units and the beneficiaries (Unit holders) hold a number of Units according to their investment in the Unit Trust. The essential difference between a discretionary Trust and a Unit Trust is that the beneficiaries of a discretionary Trust also do not have a fixed interest/entitlement to the assets of the Trust but in a Unit Trust the Unit holders have an entitlement to the capital/income of the Trust in proportion to the number of Units held (depending on the rights attached to each class of Units). There are two main types of Unit Trusts, those Deeds which confer a specific interest in the Trust assets and the Trust income to the beneficiaries (called a present entitlement) and which confer a right on the part of the beneficiaries to terminate the Trust which are specifically drafted to cater to those having Trusts based in NSW. And those Deeds where the beneficiaries have not conferred a specific interest in the Trust assets or a right to terminate the Trust. There is no specific present entitlement to the capital, although there may be classes of Units issued with fixed rights to the net income of the Trust. Order a Unit Trust today and receive your package the next working day (if ordered by 2pm AEST on a business day. DIYP orders delivered same business day)  To order a Unit Trust electronically simply click here. Alternativately you can download the order form by clicking on the WORD icon below.
 Unit_Trust_Order_Form.doc For more information please contact Reckon Docs corporate services team on 1300 139 001 or e-mail to: corporateservices@reckon.com.au. |
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