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Register of Units Issued
A Register of Units Issued outlines the units issued as part of a unit trust.5.0 (2 reviews)
Under 5 minutes
Suitable for Australia
Document Overview
A unit trust is comprised of various interests, with the property being known as a ‘unit’. Often there are multiple beneficiaries, who under this structure are called ‘unit holders’. The trustee then administers and distributes the assets to the unit holders.
When setting up this trust, a Register of Units Issued is necessary to provide an overview of how units are issued between unit holders. Unit holders have fixed rights to the property, which means that a register is necessary to monitor distribution.
Use this Register of Units Issued if:
- You want to establish a unit trust
- You have been, or are about to be, appointed as the Trustee of a unit trust
What does the Register of Units Issued cover?
- The various investments within the unit trust;
- The unit entitlements of each unit holder;
- The property of the trust (‘units’);
- Methods for the distribution of the units to the unit holders.
Other names for a Register of Units Issued include:
- Unit Register
- Unit Trust Register
Other documents you may need:
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Here's what people say about Lawpath’s Register of Units Issued
Great and fastThe document was easy to create, simple and great to get start for my need.
Lhua
GreatEasy. Footers did not work well. Easy to fix in word though.
John
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