What is a Unit Trust?
The Unit Trust is a document outlining a fixed distribution of income and/or capital in accordance with the proportion of issued units.
This is similar to a shareholding in a Company.
A Unit Trust structure may be appropriate where individuals/companies enter into a common investment/joint venture.
The Trustee is bound by the Deed in respect to dealing with income and assets.
The most common form of a Trustee is an Incorporated Company controlled by all the unitholders (parties) of the Unit Trust to ensure the integrity of the Trust.