Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zzzwd
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZZZWD
Character Range: 953379–954184

52ZZZWD  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 Social Security Act or the Social Security (Administration) Act 1999; 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.