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22 November 2008
Services

Company Registration

Patricia makes company registration easy. We offer an online, email version of your ACN and Certificate of Registration for only $532 (inc GST). The Patricia fee is $132 (inc GST) and the ASIC fees are $400. If you would like your documents printed, bound and delivered it is an extra $148.50 (ie $680.50).

Unit Trusts

$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.

pdf 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.

pdf 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 This email address is being protected from spam bots, you need Javascript enabled to view it

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