Fixed Unit Trust with more than 19 Unitholders

 

Question

Can I create a Fixed Unit Trust with more than 19 Unitholders via the NowInfinity platform?

Answer

The NowInfinity Fixed Unit Trust and NSW Land Tax Unit Trust document templates are designed to facilitate up to 19 Unitholders. This means additional unitholders cannot be added manually via NowInfinity.

Given the legislative requirements for Fixed Unit Trusts with more than 19 Unitholders, it is recommended to seek external legal advice to establish this type of Trust. Alternatively, email legal@nowinfinity.com.au to be referred to NowInfinity's external legal services provider who can assist on a fee-for-service basis. 

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