Get $12K+ in partner offers when you set up a company, trust or ABN View Marketplace Offers

Unit Trusts

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

How is a Unit Trust wound up?

A Trustee winds up a Trust by:

  • making a Declaration (in writing) that the Trust is to vest (that is the Trust ends and the Trust assets be distributed to the Unit Holders);
  • collecting in all of the Trust assets and converting them into cash (unless the Trustee proposes to make an in specie distribution);
  • all debts of the Trust must be paid and all tax must be paid;
  • The assets (or cash) are then distributed amongst the Unit Holders according to the Unit Holdings in the Unit Trust Deed;
  • notice is then given to the Taxation Department that the Trust has ceased to exist.
Patricia Holdings need more help

Can't find what you're looking for?

Chat now with an expert using our online chat if we're online,
give us a call or leave us a message and we'll get back to you.

UA-1602518-1