A Trust must vest (be wound up and its assets distributed) within 80 years of being set up (except in South Australia where the Law relating to perpetuities does not apply). The Patricia Holdings Trust deed provides for the Trust to have a maximum life of 79 years. A Trust can be wound up at any time within the 79 years.
Unit Trusts
Learn what an Australian fixed unit trust is, how best to manage a unit trust set up in Australia and more.
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