Application for Units
An Application for Units is a key document when setting up a unit trust to outline the number of units purchased, the purchase price and acceptance of terms.
Last updated October 23, 2025
Suitable for Australia
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Frequently asked questions
Use this Application for Units if:
- The trustee needs to transfer units to a new unitholder
- You want a new unitholder to accept the terms of an existing unit trust deed
- The Unit Trust that has been established has a new unit holder
- The type of units being issued need to be specified
- The number of units being issued and the amount paid and/or unpaid for the units needs to be specified
What does the Application for Units cover?
This application covers all the necessary information that has to be provided when someone becomes the bemeficiary (Unit Holder) of a Unit Trust.
Other names for an Application for Units includes:
- Unit application
- Unit holder application
Other documents you may need:
View Sample Application for Units
The Legal Risk Score of a Application for Units Template is Low
Our legal team have marked this document as low risk considering:
- The document involves financial commitments, as it requires the applicant to specify the amount paid and unpaid for the units, which implies an obligation to fulfill these payments.
- There is an inherent risk in the lack of detailed terms regarding the management or operational aspects of the trust, which might affect the decision-making processes and the overall control the applicant has over their investment.
Overall, users with a basic understanding of trust structures and financial commitments will find this document straightforward, but should be aware of the potential lack of flexibility and detailed operational governance.
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