This document is a template transfer of units.
This precedent should be used when units need to be transferred from one person or entity to another.
A transfer of units may not be effective unless stamp duty (if applicable) is paid, consents obtained and other requirements of the unit trust deed (eg pre-emption rights provisions) are complied with. In the case of a trust that is, or is deemed to be, "land rich", stamp duty on a transfer may apply on the unencumbered underlying land value. See Australian Stamp Duties Law, LexisNexis, Looseleaf, Sydney.
This precedent should be used in association with the precedent “Unit trust deed”.
This document has been authored for Lexis Nexis by Selwyn L Black Peter D Carroll, Carroll & O’Dea and updated by Jane Garber-Rosenzweig, Gable Lawyers.
This document is prepared with the assistance of Specialist Editor Stephen Newman, Executive Counsel, Ponte Earle.