A fixed unit trust is a type of trust where units are issued to the beneficiaries to represent their interest in the trust. The definition of a fixed trust for taxation purposes remains uncertain following the Colonial decision in 2011, which concluded that the meaning of a fixed trust is narrower than commonly thought by taxpayers and their advisers. However, generally the test for qualifying as a fixed trust turns on whether the beneficiaries have a vested and indefeasible interest in the trust property. This vested and indefeasible interest must be ascertained from the terms of the Trust Deed.

• How to establish a Unit Trust with multiple classes of units
• When transferring units can Companies be Unitholders in a Unit Trust on behalf of an SMSF?
• Can I issue units with a different Unit Class than ORD?
• Partially paid/unpaid Units
• In what circumstances would I need a Fixed Trust?
• What is required to be in the Trust Deed?
• Why aren't there different types of unit classes available on the NowInfinity webform when establishing a Fixed Unit Trust?