Ways to use Unit Trust
- Populate Cassandra's standard fixed unit trust deed with the client's details.
- Record initial unit holdings and the unit issue price in the deed brief.
- Request and track changes to named clauses in the standard deed.
Agreements & deeds
Australian Unit Trust Deed Drafting
Prepare a fixed unit trust deed draft with Cassandra. Collect trustee and unit holder details, initial units and practice information through a structured conversation.
A focused starting point
for your next piece of work.
Prepare an Australian unit trust deed draft around the proposed trustee, initial unit holdings and establishment details. Cassandra collects your instructions in conversation and uses them to populate its standard deed template. The starting document addresses units, transfers, income, capital and trustee administration. Review the actual rights and restrictions against your intended ownership arrangement: describing a deed as a fixed unit trust does not establish its tax treatment or suitability for a particular investment.
Use the workflow below to prepare the relevant facts and identify the parts of the output that need your review.
What to bring to the conversation
- Trust name, trustee name, ACN, address and executing director.
- Unit holder identities, addresses, initial units and unit issue price.
- Governing State or Territory, establishment and execution dates, and practice details.
What to check before using the output
- Check every unit holding and corporate execution detail against the source instructions.
- Resolve incomplete fields and review the deed's suitability, duty and tax consequences before use.
Trustee and initial unit holdings
Gather the trust name, corporate trustee details, ACN, address and executing director, together with the initial holders, unit numbers and issue price. The current template has a particular initial holder schedule, including a joint corporate holding. Check that this schedule fits the proposed participants before relying on the draft.
Rights and decisions to review
Read the provisions for issuing, transferring and redeeming units alongside the income and capital entitlements. Consider how voting, valuation, trustee changes and winding up should work for the participants. You can describe requested clause changes in the conversation; each resulting draft needs review for consistency with the rest of the deed.
From draft to intended use
Confirm the governing State or Territory, dates, ownership instructions and execution requirements. Resolve every incomplete field and obtain legal and tax review appropriate to the arrangement. Signing, any duty assessment, registrations and ongoing trust administration are separate steps; generating the draft does not complete them.
Unit Trust: frequently asked questions
It records the proposed trust, trustee and initial unit holdings using Cassandra's standard unit trust template. The template contains provisions addressing unit issues and transfers, redemption and valuation, income and capital, meetings and trustee administration. These provisions are a starting format to review against the participants' actual instructions, rather than a recommendation to use a unit trust.
In the unit trust template, beneficial interests are represented by units and the deed defines the rights attached to them. A discretionary trust instead gives the trustee choices about allocations among eligible beneficiaries under its deed. The intended allocation of ownership, income and capital should guide the document selected, with professional review of its legal and tax consequences.
No. Tax legislation applies its own tests to entitlements and powers under the complete deed. The document title alone does not determine whether the trust qualifies as fixed for a particular tax rule. Have the provisions and intended transactions assessed for the relevant income tax, trust loss and State or Territory tax purposes.
Prepare the trustee company's name, ACN and address, its executing director, each initial holder's identity and address, the proposed units and the issue price. Cassandra's current intake contains two named holder entries and a third entry for a joint pair of companies. If your holding or trustee structure differs, arrange a suitability review rather than fitting inaccurate details into that schedule.
You can identify the relevant clause and describe the change you want recorded in the deed brief. Check the resulting draft carefully: transfer restrictions, valuation rules, voting and other unit rights can affect one another. Cassandra does not determine whether a requested amendment protects each participant's interests or produces the intended tax result.
Generating a deed draft does not carry out a unit subscription, receive funds, register a trustee company, obtain an ABN or TFN, or update a register. The participants must separately complete the establishment and administration steps that their reviewed deed and circumstances require.
Execution formalities and any duty or lodgement requirements must be checked for the relevant jurisdiction and transaction. The property involved, where the document is executed and the parties' circumstances can matter. Cassandra does not sign, witness, stamp or lodge the deed; arrange these steps separately after reviewing the final wording.
No. Cassandra provides an AI-generated draft using a document format or template, not a legal service. It does not confirm that the deed is suitable, enforceable or tax effective for you. You may contact a legal practitioner for further support and assistance before signing or using it.
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