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What is a Trust?
A Trust is when a person or organisation holds property on behalf of another person or organisation.

What is a Trustee company?
A Trustee company, like Plan B Trustees Limited, manages the property and investments of a number of individuals and groups.

What is the point of setting up a Trust?
People and groups set up Trusts for a variety of reasons. Native Title Claimant groups, who are awarded compensation, often choose to set up a Trust to ensure that their compensation money is managed professionally, for the long-term benefit of everyone in the community.

Are there tax advantages related to having a trust?
Sometimes. In certain circumstances, depending on what the trust money is going to be used for, the Australian Taxation Office can grant tax concessions to a trust.

Will community groups lose control of their money if a trustee company manages it?
No. Community groups keep control of their money according to the rules they decide for themselves when setting up a trust.

Is a community group’s money safe?
Absolutely. Plan B Trustees Limited is a highly reputable company that has been operating in the Australian market place for many years with an untarnished record. What's more there are strict regulations which apply to Trustee companies to ensure that client investments are correctly administered.

Can a Trust be changed?
A Trust can be changed, however this is normally a consultative process involving all parties. The Trust document normally has rules outlining what changes can be made or how they can be made.

How can groups access money when required?
Simple documentation is created in consultation a claimant group so that funds can be transferred to them when required.

Who should we speak to in order to get more information?
If you would like to know more about our Native Title Trusts you can contact Phillip Williams, Head of Native Title Trusts on (08) 9324 8917 or if you prefer, email to pwilliams@planbonline.com, alternatively you can call our Native Title team on 1800 078 680.