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Unit Trusts

Learn what an Australian fixed unit trust is, how best to manage a unit trust set up in Australia and more.

Does a Unit Trust have to have a Trustee?

Yes, every Trust must have a Trustee. This is because the law requires that for a Trust to exist there must firstly be some Trust property and secondly, it is the Trustee (or Trustees) who hold the Trust property on Trust for a Beneficiary or Beneficiaries (there must be a separation between the legal and equitable ownership). A Trust is not considered a legal entity.

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