This precedent has been authored by Michael Hodgson, Partner, Dibbs Abbott Stillman, Anthony McFarlane, Lawyer, Dibbs Abbott Stillman and updated by Jane Garber-Rosenzweig, Prinicipal, Gable Lawyers. Previous versions of this were authored A J Munton, Partner, Corrs Chambers Westgarth, Adam J Levine, Partner, Middletons and Caitlin Armstrong, Lawyer, Dibbs Abbott Stillman.
Introductory note
This precedent is a debenture trust deed which can be used to create a debenture.
A debenture is a document which either creates a debt or acknowledges it. A debenture trust deed is a formal document created by the company, by which trustees are appointed to protect the interest of debenture holders.