The trust deed

Setting up and running a trust can be expensive as a formal deed is required. The deed sets out the rules for how the trust will operate. The trustee must act in accordance with the trust deed distributing income to beneficiaries as outlined in the deed. A trust cannot distribute losses to beneficiaries.  It can carry losses forward to offset future year’s net income.

The trustee must also deal with the trust property in accordance with the relevant state or territory trust law.

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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