You can create all the documents you need to set up a Unit Trust. You can choose whether the trustee is to be a corporation or individuals. You should get legal advice about this. We cannot give that advice.

The document package includes:

• Consent to act as the Trustees (and related minutes if trustee is a company)
• Certificate(s) of Unit Holding
• Register of Units
• the Trust Deed.

The whole process takes about 5-10 minutes depending on the number of unit holders. Once you've answered the questions on the Cleardocs system and paid you can download the documents.

All documents are signed-off by our lawyers at Maddocks.

The Unit Trust structure

The Cleardocs unit trust is a trust under which:

• ordinary units of the one class are created and issued to the unit holders.
• all unit holders have the same rights and obligations.
• each unit holder is entitled to a proportion of income and capital distributions equal to their proportional holding of all of the total issued units in the trust.

If you require a unit trust with different classes of units, or if you wish to have special classes of units, then you must seek legal advice. Please contact us so that we can refer you to Maddocks who can provide you with a free estimate of fees for drafting the necessary amendments to the Cleardocs unit trust deed so that it suits your needs.

Cleardocs also has available a hybrid trust deed and a discretionary trust deed. Please see the product pages on our website for information on the trusts created by these deeds.

Questions or further information

If you have questions:

• about how to use Cleardocs, contact the Cleardocs helpline on 1300 307 343.


• about legal issues, contact the Cleardocs helpline on 1300 307 343. If you need advice, we will arrange for you to speak with a lawyer at Maddocks. The firm provides a free legal helpline in relation to the documents Cleardocs provides. If you require other legal advice in relation to your particular circumstances, then this will be charged for.