Introductory Notes:
(i) There are 2 forms of Unit Trusts. Where it is desired that the Unit Trust have scope to be a Non-Fixed Trust (e.g. to have units with discretionary income or capital entitlements), it is safer under the law to have an independent Settlor to create the Unit Trust – rather than an ordinary Unit Trust being created by unit subscription for the original Unit Holder(s).
(ii) Refer also to Section 102 of the Income Tax Assessment Act 1936 in relation to Note (i) above.
(iii) In regard to the above, if a Settlor creates the Unit Trust, there will be an additional $200 stamp duty payable in Victoria that would not be the case for a Unit Trust created by a subscription of the original unit holder(s).
Please forward completed Instruction Sheet by Fax or Post or Email to:
BALDWINS
Australian Lawyers & Consultants
Level 6,
313 LaTrobe Street
Melbourne VICTORIA 3000
Ph: (03) 9606 0022
Fax: (03) 9606 0882
Email: mail@baldwins.com.au
(1) Date of Unit Trust: ..................................................................................
(2) Name of Unit Trust: ..................................................................................
(3) Trustee's Name: ..................................................................................
ACN: ..................................................................................
Address: ..................................................................................
..................................................................................
If the trustee is a corporate trustee, list the names of the directors and secretary and state how documents are to be executed (eg. is a common seal required, are two director’s signatures required, is a director and a secretary signature required or is it a single director-shareholder company only)?:
……………………………………………………………………………..........................
……………………………………………………………………………...........................
(4) If a Settlor is creating the Unit Trust (refer to Introductory Notes above), the following are the details:
(a) Name of Settlor: .....................................................................................
(b) Address of Settlor: ..................................................................................
..................................................................................
..................................................................................
(c) Amount of Settled Sum (we usually recommend $60 because this amount is divisible
by 2, 3, 4, 5 and 6):
$......................
(5) Original Unit Holders and Initial Number and Class Of Units taken up by each of them:
(i) Name: …........................................................................
(as Trustee of the ...............................................…..)
Address: ..................................................................................
..................................................................................
..................................................................................
No. and Class of
Units and par value: ....................................................................
(ii) Name: …........................................................................
(as Trustee of the ...............................................…..)
Address: ...............................................................................
..............................................................................
...............................................................................
No. and Class of
Units and par value: ........................................................................
(iii) Name: …........................................................................
(as Trustee of the ...............................................…..)
Address: ..................................................................................
..................................................................................
..................................................................................
No. and Class of
Units and par value: ....................................................................
(iv) Name: …........................................................................
(as Trustee of the ...............................................…..)
Address: ..................................................................................
..................................................................................
..................................................................................
No. and Class of
Units and par value: ....................................................................
(v) Name: …........................................................................
(as Trustee of the ...............................................…..)
Address: ..................................................................................
..................................................................................
..................................................................................
No. and Class of
Units and par value: ....................................................................
(vi) Name: …........................................................................
(as Trustee of the ...............................................…..)
Address: ..................................................................................
..................................................................................
..................................................................................
No. and Class of
Units and par value: ....................................................................