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DUTIES ACT 2001 - SECT 209 What is a corporate trustee

DUTIES ACT 2001 - SECT 209

What is a corporate trustee

209 What is a corporate trustee

A
"corporate trustee" is an unlisted corporation, other than an authorised trustee corporation, that is the trustee of a discretionary trust that—

(a) holds dutiable property on trust for the discretionary trust; or
(b) has an indirect interest in dutiable property and that interest is held on trust for the discretionary trust.
Note—
Section 498 includes provision about references to dutiable property.