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.
To be eligible to be a principal beneficiary of a Special Disability Trust, the person with a disability must meet the definition of severe disability.
The funds of a Special Disability Trust are intended to meet the reasonable care and accommodation needs of the principal beneficiary.
Page last updated: 4 November 2019
This information was printed 25 November 2020 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/special-disability-trusts/how-it-works. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.