• Trust

    To be entitled to an ABN a trust must be carrying on an enterprise and have:

    • a trustee
    • trust property
    • a beneficiary, object or purpose.

    A trustee is the person who holds the property for the benefit of another person, object or purpose. The trustee must deal with the property in accordance with the terms of the trust, which may be set out in a trust deed or may be implied depending on the trust's object or purpose.

    See also:

  • Last modified: 01 May 2017QC 764