Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1209Q

Trustee requirements

             (1)  A trustee of the trust who is an individual must:

                     (a)  be an Australian resident; and

                     (b)  not have been convicted at any time (including a time before the commencement of this section) of any of the following offences:

                              (i)  an offence of dishonest conduct against, or arising out of, a law of the Commonwealth, a State, a Territory or a foreign country;

                             (ii)  an offence against, or arising out of, this Act, the Administration Act or the Veterans' Entitlements Act; and

                     (c)  not have been disqualified at any time (including a time before the commencement of this section) from managing corporations under the Corporations Act 2001 .

             (2)  In addition, if a trustee of the trust is a corporation, subsection (1) applies to each director of the trustee.



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