The trustee

A trust is managed by a trustee. A trustee can be an individual, multiple individuals or a company. The trustee is legally responsible for the control and management of the property or assets of the trust for the benefit of the beneficiaries. There are also formal yearly administrative tasks for the trustee to carry out. This includes lodging an annual tax return.

A sole beneficiary of the trust cannot be the sole trustee.

Starting a small business

Steps Progress

Is my hobby a business?

9 mins

Business structures overview

5 mins

Business registrations

5 mins

Sole trader structure

7 mins

Partnership structure

10 mins

Company structure

13 mins

Trust structure

7 mins

Small business support

10 mins

Related courses

1 mins

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