Document ID: chunk:federal_register_of_legislation:C2006A00082:clause:7_1209q
Version: federal_register_of_legislation:C2006A00082
Segment Type: clause
Provision Reference: sch 7 cl 1209Q
Character Range: 42071–42860

1209Q  Trustee requirements

 (1) A trustee of the trust who is an individual must:
 (a) be an Australian resident; and
 (b) not have been convicted at any time (including a time before the commencement of this section) of any of the following offences:
 (i) an offence of dishonest conduct against, or arising out of, a law of the Commonwealth, a State, a Territory or a foreign country;
 (ii) an offence against, or arising out of, this Act, the Administration Act or the Veterans' Entitlement Act; and
 (c) not have been disqualified at any time (including a time before the commencement of this section) from managing corporations under the Corporations Act 2001.

 (2) In addition, if a trustee of the trust is a corporation, subsection (1) applies to each director of the trustee.