How it works

A Special Disability Trust can have 1 principal beneficiary who meets the eligibility criteria.

A Special Disability Trust must do all of the following:

  • have only one principal beneficiary (the person for whom the trust is established), who must meet the eligibility criteria
  • provide for the accommodation and care needs of the principal beneficiary
  • have a trust deed that contains the clauses as set out in the model trust deed
  • have an independent trustee, or alternatively have more than one trustee
  • comply with the investment restrictions
  • provide annual financial statements and
  • conduct independent audits when required.
Page last updated: 10 December 2021.