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Register of Units Issued

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Register of Units Issued

Register of Units Issued

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5.0 (2)
Under 5 minutes
Under 5 minutes
Last updated December 2018
Last updated February 18, 2020
Suitable for all States and Territories
Suitable for all States and Territories

A Register of Units Issued outlines the units issued as part of a unit trust. Customisable and ready to use in under 5 minutes.

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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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