Complete the transfers, duty and notifications after a change of trustee
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Produce the transfer, duty and notification schedule from the firm's validated template, listing each asset from the trust's asset register with the dealing required, the duty concession to be claimed, and the evidence the revenue office of each relevant state requires for it.
- What the lawyer must review
- Confirm the appointment was made in the manner the deed requires and by the person who holds the power, check that the concession relied on applies to this transfer rather than to a transfer to a custodian or to a newly created trust, and confirm nothing on the asset register has been left off the schedule.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Produce the transfer, duty and notification schedule from the firm's validated template, listing each asset from the trust's asset register with the dealing required, the duty concession to be claimed, and the evidence the revenue office of each relevant state requires for it. |
| Lawyer | Confirm the appointment was made in the manner the deed requires and by the person who holds the power, check that the concession relied on applies to this transfer rather than to a transfer to a custodian or to a newly created trust, and confirm nothing on the asset register has been left off the schedule. |
Checklist
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- Confirm the appointment was made in the manner the deed requires and by the person who holds the power, check that the concession relied on applies to this transfer rather than to a transfer to a custodian or to a newly created trust, and confirm nothing on the asset register has been left off the schedule.
- Check the output against the source documents named in it before it is relied on.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Deed of appointment of new trustee and retirement of existing trustee (discretionary or unit trust) | Deed | AI use Yellow | A deed by which the person holding the power of appointment appoints a new trustee in place of a retiring trustee, with the retiring trustee's release and handover, the new trustee's acceptance, and a post-execution checklist for vesting assets, duty and notifications. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
- https://www.revenue.nsw.gov.au/help-centre/resources-library/rulings/duties/dut037 · 2026-09-27
- https://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/nsw/consol_act/da199793/s54.html · 2026-09-27
- https://www.sro.vic.gov.au/buying-property/land-transfer-stamp-duty/managing-duty-transactions/evidentiary-requirements-manual/change-trustee · 2026-09-27
- https://lsj.com.au/articles/a-pricey-change-of-trustees/ · 2026-09-27
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.