How can we help you?

A trust is a relationship where property is held by one party for the benefit of another party. It is created by the owner, also called a “settlor”, “trustor” or “grantor” who transfers property to a trustee.

A collective investment scheme is an arrangement in respect of any property, which satisfies the following elements:

• Participants have no day-to-day control over management of the property
• Either or both characteristics are present:
  • Property is managed as a whole by or on behalf of the manager
  • Participants’ contributions are pooled, and profits/income from which payments are to be made are pooled
• Purpose or effect of the arrangement is to enable participants to participate in or receive profits/income arising from the property

A Collective Investment Scheme could be structured as an incorporated or unincorporated entity (such as a trust or partnership) which owns a property.