Special Disability Trusts

Characteristics

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
This information was printed Tuesday 21 May 2019 from https://www.humanservices.gov.au/individuals/services/centrelink/special-disability-trusts/you-need-know/characteristics It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.humanservices.gov.au/individuals/site-notices when using this material.

Page last updated: 10 May 2019