Characteristics of a Special Disability Trust

A Special Disability Trust must have only one principal beneficiary (the person for whom the trust is established) who meets the eligibility criteria.

A Special Disability Trust must:

  • have only one principal beneficiary (the person for whom the trust is established), who must meet the eligibility criteria
  • provide for the accommodation and care needs of the principal beneficiary
  • have a trust deed that contains the clauses as set out in the model trust deed
  • have an independent trustee, or alternatively have more than one trustee
  • comply with the investment restrictions
  • provide annual financial statements and
  • conduct independent audits when required

Page last updated: 12 May 2018