DUTIES ACT 2001 - SECT 209 What is a corporate trustee
DUTIES ACT 2001 - SECT 209
What is a corporate trustee209 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.