Dedicated Trustee definition
Examples of Dedicated Trustee in a sentence
A Dedicated Trustee can only be appointed after the first 12 years of the Trust.
It is anticipated that the Noongar Advisory Company will transition its role to become the Dedicated Trustee.
It is anticipated that the Noongar Advisory Company will transition to become the Dedicated Trustee.
After 12 years, the Noongar Advisory Company can transition to become the Dedicated Trustee.
After the first 12 years, the Trust can be managed by a Dedicated Trustee (discussed below).
The Trust Deed contemplates that a Dedicated Trustee would be a company owned and controlled by the Noongar Community.
The work involved in preparing a company to become Dedicated Trustee may involve preparing an implementation plan, identifying and training potential directors and employees, considering funding, being briefed on current Trust operations and engaging with the WA Government to obtain consent.
The Noongar Advisory Company’s role in the Trust will change over time until it can become the Dedicated Trustee – see the diagram on page 10.
The Trust Deed includes the eligibility requirements for a Noongar company to be the Dedicated Trustee.
After the 9th year of the Trust, the Noongar Corporations Committee may request the Trustee to assist with the transition of the Trustee from a professional trustee company to a Dedicated Trustee.