Products
Welcome to Trustify’s Product Page, your gateway to a variety of trust solutions designed to meet your unique financial needs. Our carefully crafted products are aimed at making sophisticated financial strategies accessible, affordable, and simple for everyone.
Browse through our diverse offerings to find the perfect trust solution that aligns with your goals, whether you’re looking to protect your assets, plan your estate, or secure your family’s financial future. Each product comes with detailed information to help you understand its features, benefits, and how it can fit into your overall financial plan.
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What is a Unit Trust
In Australia, a fixed unit trust is a type of unit trust where the number of units and their respective entitlements to income and capital are predetermined and fixed at the establishment of the trust. Unlike a discretionary unit trust where the trustee has discretion over the distribution of income and capital among beneficiaries, in a fixed unit trust, the rights and entitlements of unitholders are typically set out in the trust deed and cannot be altered without the consent of all unitholders.
Key positions in a Unit Trust
Trustee
The trustee is the entity responsible for managing the trust’s assets and operations in accordance with the trust deed and relevant laws. The trustee has a fiduciary duty to act in the best interests of the unitholders.
Unitholders
Unitholders are the investors who hold units in the trust. They are entitled to a share of the trust’s income and assets in proportion to the number of units they hold.
Common uses of a fixed Unit Trust
Property Investment
Fixed unit trusts are frequently utilised for property investment purposes. Investors pool their funds to purchase properties, such as residential, commercial, or industrial real estate. Income generated from rental payments and capital appreciation from property sales are distributed among unitholders according to their fixed entitlements.
Investment Funds
Fixed unit trusts can also be structured as investment funds that invest in a diversified portfolio of assets, such as equities, bonds, cash, and other securities.
Investors purchase units in the trust, gaining exposure to a professionally managed investment portfolio. Income generated from investments and capital gains are distributed to unitholders according to their fixed entitlements.
Business Ventures
Fixed unit trusts may be established for business ventures, such as joint ventures or partnerships, where multiple parties collaborate to pursue a common
business objective. Investors contribute capital to the trust, and profits generated from business operations are distributed among unitholders based on their fixed entitlements.
Certainty of Entitlements
In a fixed unit trust, each unitholder’s entitlement to income and capital distributions is predetermined and fixed. This provides investors with clarity and certainty regarding their share of the trust’s profits and assets, enhancing transparency and reducing uncertainty.
Liquidity
While fixed unit trusts are not as liquid as publicly traded securities, such as stocks or bonds, they still offer investors a degree of liquidity. Unitholders can typically buy or sell units in the trust, subject to any restrictions outlined in the trust deed, providing flexibility to adjust their investment holdings as needed.
Asset Protection
Assets held within a fixed unit trust may enjoy a level of protection from creditors or legal claims against individual unitholders. This can provide an additional layer of security for investors seeking to safeguard their assets from external risks.
- ABN (Australian Business Number) registration under the trust’s name (usually handled by an accountant).
- TFN (Tax File Number) registration under the trust’s name (typically managed by an accountant).
- Bank account under the trust’s name.
- Stamping: Depending on where the trust is executed (signed), stamping of the deed may be required, and stamp duty is payable to the State Revenue Office.
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