Resources - SIS 13.22C Regulated Unit Trust

A trust that contains provisions which are set out in a practice compliance guideline issued by the Commissioner of Taxation as to what constitutes a fixed trust for income tax purposes.

What is it?

This is a unit trust which complies with the requirements of regulation 13.22C of the regulations under the Supervision Industry (Supervision) act 1993. The investment by a SMSF into one of these trusts is an exception to what is known as the in-house asset rule. An SMSF can invest into 100% of the units within one of these trusts and it does not breach the in-house asset rule.

Restrictions

The trust deed however must have restrictions built into it which complies with SIS regs 13.22C and 13.22D. With these restrictions, the trustee cannot borrow money or invest in any other trust or company or carry on a business. They can only be used as entirely passive entities. These trusts should only be purchased after having the benefit of professional advice as they are special purpose trusts.

Establish a SIS 13.22C Regulated Unit Trust

The PGG / Peter Gell Difference

Gain peace of mind by dealing with experienced lawyers who stand by their templates without need of a disclaimer. Ease of access and speed of delivery will ensure an efficient and pleasurable registration experience. Are clerks or computer bots causing you frustration? Work with our experts and attain the assurance that only decades of legal practice can afford.

Protection

Protection for your practice and for your clients, with no disclaimer on the documents

Premium Documents

All the documents are carefully and professionally drafted and kept up to date

Editable Ancillaries

We provide editable Microsoft Word supporting documents for all our products

Referrable Documents

Referrable documents (e.g. Prepared by PGG Legal for Your Accounting Practice Pty Ltd)

Technology Partners