ABN Lookup > Help > Entity types > Territory Government Fixed Trust

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Entity types
- Territory Government Fixed Trust

Territory Government Fixed TrustVersion: 9.9.7

A fixed trust is a trust in which persons have fixed entitlements to all of the income and capital of the trust at all times during the income year. That is, the trustee is bound to make a distribution to the beneficiaries in a fixed or predetermined manner, as set out in the trust deed. The fixed entitlement may be a specified fraction or a percentage.

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