Last amended: 9 October 2006
VEA ? [2]
A trustee of the special disability trust [3] (SDT) can be either an individual or a corporation. An individual trustee, or a director of a trustee corporation, must:
Note: A statutory declaration to this effect is required from each of the trustees or directors of the trustee company. A professional trustee may charge the trust usual and proper administration charges.
There must be at least two trustees at all times, except where a professional trustee is appointed. A professional trustee is either a trustee corporation or an Australian legal practitioner within the meaning of the Legal Profession Act 2004.
According to section 52ZZZW of the VEA [6], a special disability trust is a trust that has been established solely in order to provide for the current and future care and accommodation needs of the beneficiary who is a person with a severe disability [3].
An Australian resident is a person who:
Links
[1] https://clik.dva.gov.au/user/login?destination=node/16536%23comment-form
[2] https://clik.dva.gov.au/book/export/html/16536#tgt-cspol_part10_ftn570
[3] https://clik.dva.gov.au/%23
[4] https://clik.dva.gov.au/service-eligibility-assistant-updates/all-determinations-order-date-signed-oldest-most-recent/determinations-under-vea
[5] https://clik.dva.gov.au/book/export/html/16536#ref-cspol_part10_ftn570
[6] http://clik.dva.gov.au/legislation-library