$258.50 (inc GST)
Unit Trusts can be established
as an alternative to a Company, if appropriate in your situation. Managed by
trustees, assets of a Unit Trust are held by the Trustee, Unit Holders own a
share of the Trust in accordance with the number of units held.
Click here to view Roles in a Unit Trust
Patricia Holdings offers a
number of Unit Trusts, namely:
1.
Standard Unit Trust
A basic format of a Unit Trust, this enables unit holders to
share in the distribution of income each year in accordance with the number of
units they own and, when the Trust is ultimately wound up, a distribution of
capital also in proportion to the number of units which a beneficiary owns.
Each Unit carries the right to one vote. The Unit Holders have an entitlement,
upon a 62% vote, to ask the Trustee to terminate the Trust at any time. The
Trustee may re-purchase units at any time and the units are saleable but must
first be offered to other Unit Holders before being sold on the open market.
The Unit Holders have no direct ownership or interest in the Trust property.
Unit Holders merely own their units and nothing else.
2. Fixed Unit
Trust
This is similar to the Standard Unit Trust. However, it gives
unit holders a defined ownership of the Trust property and capital of the Trust
when the Trust is wound up. It also provides the Unit Holders the entitlement,
upon a 62% vote, to ask the Trustee to terminate the Trust at any time. This
Trust has the same format as a Standard Unit Trust except that the Deed specifically provides that
Unit Holders have an ownership in the Trust property in direct proportion to
the unit holding and Unit Holders are to receive the income from any real
estate owned by the Trust. This Trust is intended to address
the decision of the New South Wales (NSW) Land Tax Office to permit a Fixed
Trust to receive the benefit of a $352,000.00 tax free threshold for land tax
purposes.
3. Multi-Class
Unit Trust
Sometimes also referred to as a Hybrid
Trust, our standard form of Multi Class Unit Trust incorporates thirteen (13)
classes of units each with different rights relating to capital, income and
voting. This can be adjusted to suit individual needs.
Multi Class Unit Trust - List of Classes
4. Simple
Hybrid Trust
This Trust is a Standard Unit Trust
but the Trustee is given a discretion to distribute income equally or unequally
between any Unit Holders. This means that the Trustee can have great
flexibility in the distribution of income but it does mean that no Unit Holder
can be guaranteed that an income distribution will be made to him, her, them or
it in any given year. It incorporates the discretion to distribute to any
Company or Trust in which a Unit Holder has an interest or to any relation of a
Unit Holder who is a lineal or lateral relative by blood, by marriage, by
adoption or by reason of a bona fide domestic relationship with a Unit Holder.
Optional printing, binding and delivery
- $38.50 (inc. GST)
Patricia offers an online,
email version of your Trust Deed for only $258.50 (inc GST). If you would like your documents printed,
bound and delivered it is an extra $38.50 (ie $297.00).
What is included in the Unit Trust Package?
-
A4 binder
-
4 bound copies of trust
-
Instruction sheet
-
Stamping instructions
-
Statutory Declaration
-
Notes for the assistance of the
Trustee
-
Minute page if Corporate Trustee
-
Register of Unit Holders
-
Application for Units
-
Unit Certificate
How long does it take to register a Unit
Trust?
For email delivery
orders, the Trust Deed and related documentation will be emailed to you within
2 hours.
If you have selected
to have your documentation printed, bound and couriered, documents will be
delivered within 4 working hours for Sydney CBD and lower north shore areas,
and will be sent by overnight courier for next day delivery to all other areas
in Australia (order must be received by 4pm for delivery the next day).
Questions or further information
If you have any
questions or require further information:
-
Please
call us on 1800 226 735
-
Email
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How to Order
Register a Unit Trust Online
Download Single Class Unit Trust Order Form
Download Multi Class Unit Trust Order Form
Download Hybrid Trust Order Form
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