1209L
In forceWhat is a special disability trust?
Volume 4Chapter 3, Part 3.12A to Chapter 6, sections 1157A-1263, Schedule 1A
Chapter 3General provisions relating to payability and rates
Part 3.18APrivate financial provision for certain people with disabilities
Division 1Special disability trusts
1209L What is a special disability trust?
A trust is a special disability trust if the following requirements of this Division are complied with:
(a)
the beneficiary requirements (see section 1209M);
(b)
the trust purpose requirements (see section 1209N);
(c)
the trust deed requirements (see section 1209P);
(d)
the trustee requirements (see section 1209Q);
(e)
the trust property requirements (see section 1209R);
(ea)
the trust expenditure requirements, if any (see section 1209RA);
(f)
the reporting requirements (see section 1209S);
(g)
the audit requirements (see section 1209T).
Note:
The Secretary may waive one or more requirements in certain circumstances (see section 1209U).
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