CAN A FIXED TRUST DEED BE USED TO COVER FUNDS HELD FOR THIRD PARTIES

MERVSAULTRY
MERVSAULTRY Member Posts: 1

Hi , I am wondering if a The Deed of Trust - a simple declaration that funds held on account of members will be held   in a an account with National Australia Bank and only used for receipt of members direct debit deposits and their redemption payments.


It is intended that the financial operations will be subject to an annual audit by Registered Auditor

Comments will be appreciated


merv Saultry