Unit Trust Package

Overview

Patricia Holdings offers a Unit Trust Package which provides full registration of a standard proprietary company including all necessary register documents to remain compliant with Corporations Law and a comprehensive Unit Trust Deed at a discounted price.

The package includes:

Corporate Trustee

"Proprietary Limited" companies are the most common form of Company and are often used as Trustees of various kinds of Trusts. The Board of Directors meet to make decisions about the Trust and have the discretion (as outlined in the Deed) when distributing the Trust's income or making other important decisions. While the Trustee of a Trust can be an individual(s), it is Patricia Holdings' recommendation that the Trustee be a company. There is a legal separation between individuals in their capacity as Directors of the company and their capacity as Beneficiaries or Members of a Trust or SMSF.

What is included in the company documents?

• ASIC Certificate of Registration
• A complete and tailored suite of documents completing your company register, including:
  • All necessary resolutions, applications, consents and registers
  • Share certificates
  • Copy of the ASIC Form 201
  • Letter to the ATO re appointment of Public Officer
  • Company Constitution
  • Allotment Journal
  • A helpful instruction letter

Choice from 4 different Unit Trust Deeds

Unit Trusts differ from Family Trusts in that the beneficiaries are defined via ownership of Units in the Trust rather than by family relationships. These Units are much the same in concept to Company Shares and represent a direct portion of the value of the Assets held by the Trust.

Standard Single Class Trust Deed

Designed for those who want a basic Unit Trust. Only one class of Units can be issued. These all receive the same distribution per Unit.

Multi Class Trust Deed

Offers a variety of Unit classes entitling the holder to different proportions of Income, Capital, Trust Voting rights etc. The definition of these classes is defined as part of the Trust Deed.

Hybrid Trust Deed

Combines a Multiclass Unit Trust with a Family Trust component to allow a Trustee to distribute to family members of those nominated in addition to Unit Class related distributions.

Fixed Unit Trust (suitable for NSW Land Tax Concessions)

All Trustee discretion with regard to income is removed and entitlements are absolutely fixed. This is a Deed designed for a specific purpose and advice should be sought before executing this type of Deed.

Designed to take advantage of Schedule 2F of the Income Tax Assessment Act 1936 (Cth) (tax loss provisions) and the Land tax Management Act 1956 (NSW) (Land Tax Threshold Concession).

What is included in the Unit Trust documents?

• A4 binder (white or grey)
• 3 (2 bound, 1 loose leaf) copies of trust
• A helpful instruction letter
• Notes for the assistance of the Trustee
• Directors Resolutions consenting to act as Trustee
• Register of Unit Holders
• Application for Units
• Unit Certificates