Annual Trust Distribution Minute

MINUTES OF MEETING OF TRUSTEES/DIRECTORS

Year Ended*

Trustee Name(s)*

As per the trust deed

Legal Name of Trust*

As per the trust deed

ABN of Trust

Leave blank where not applicable

Date of Meeting*

Date

Held At: (Address of Meeting)*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

PRESENT:

Chairperson present*

Full name of person signing the minute as true and correct

Chairperson email*

Email address of Chairperson

Other attendees

Name all others in attendance

RESOLVED THAT, in exercise of the power under the Trust Deed and every other power enabling it, the Trustee determines that the income of the Trust for the year ending {yearEnded} comprises all those amounts being income for the purposes of the accounting records of the Trust (“Accounting Records”), less the expenses and outgoings of the Trust for the year ending {yearEnded} attributable to those amounts for the purposes of the Accounting Records, in each case whether recorded in the Accounting Records by or after {yearEnded}.

RESOLVED THAT, in exercise of the power under the Trust Deed and every other power enabling it, the income of the Trust for the year ending {yearEnded} is hereby set aside for the benefit of the beneficiaries as follows

Note: This makes the beneficiary legally entitled to those funds and to avoid future tax consequences, it must be shown that the named beneficiary has ultimately been the recipient of this distribution.

Nominated Beneficiaries (The First):*

Rows	% or $	Beneficiary Name
The first

Nominated Beneficiaries (The Second):*

Rows	% or $	Beneficiary Name
The second

Nominated Beneficiaries (The Third):*

Rows	% or $	Beneficiary Name
The third

Nominated Beneficiaries (The Fourth):*

Rows	% or $	Beneficiary Name
The fourth

Nominated Beneficiaries (The Fifth):*

Rows	% or $	Beneficiary Name
The fifth

Any balance or any adjustment should go to this beneficiary:*

Rows	Beneficiary Name
The Balance (if any)

Also RESOLVED THAT, for the avoidance of doubt, regardless of any adjustment to the income of the Trust, the income of the Trust shall be distributed as specified above.

Prior Payments:

RESOLVED THAT, for the avoidance of doubt, in respect of any payments that have actually been made by the Trustee to or for the benefit of any beneficiaries specified above or any other beneficiary of the Trust during the year ending {yearEnded}, the making of the payment did not constitute the making of a Distribution by the Trustee unless the payment was expressly recorded by a resolution of the Trustee as constituting a Distribution, and does not vary the terms of any Distributions made under these resolutions.

Closure:

There being no further business the meeting then closed.

SIGNED AS A TRUE RECORD:

SIGNATURE OF CHAIRPERSON*

_____________________________________

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Trust Annual Minute