Trustee requirements
52ZZZWD Trustee requirements
A trustee of the trust who is an individual must:
be an Australian resident; and
not have been convicted at any time (including a time before the commencement of this section) of any of the following offences:
an offence of dishonest conduct against, or arising out of, a law of the Commonwealth, a State, a Territory or a foreign country;
an offence against, or arising out of, this Act, the Social Security Act or the Social Security (Administration) Act 1999; and
not have been disqualified at any time (including a time before the commencement of this section) from managing corporations under the Corporations Act 2001.
In addition, if a trustee of the trust is a corporation, subsection (1) applies to each director of the trustee.
This Act’s bill:Second reading speech
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