Trust services
Pharmacy trust (discretionary).
Pharmacy ownership in Victoria is restricted to registered pharmacists and a limited set of pharmacist-controlled structures. A standard family trust deed will not satisfy the Victorian Pharmacy Authority, the deed has to be drafted for the regime.
Lawyer prepared
Deeds drafted and settled by a lawyer, not a form generator.
Fast turnaround
Standard deeds prepared within one business day of instructions.
Fixed fee, quoted first
Fixed fee quoted first, with any duty payable set out up front.
Compliant documents
Trustee Act, Duties Act and ATO practice considered on every deed.
What makes a pharmacy trust different.
The deed limits the beneficiary class and control so that only pharmacists, and permitted relatives within the statutory limits, can benefit and direct the trustee. Trustee, appointor and distribution clauses are all constrained accordingly.
We prepare the deed, the corporate trustee where required, and the supporting documents the Authority expects to see with an approval application.
Approval turns on the deed's wording, not on intention. Using a generic family trust and hoping it passes is the most common reason applications are knocked back.
Why it pays to have this done properly.
Drafted to the pharmacy regime
Beneficiary and control clauses drawn to satisfy Victorian pharmacy ownership requirements.
Flexibility where it is permitted
Distribution discretion is preserved to the extent the legislation allows, so tax planning is not sacrificed unnecessarily.
Application-ready documents
Deed, trustee constitution and structure diagram prepared in the form the Authority expects.
Is this you?.
- You are buying your first pharmacy
- You are restructuring an existing pharmacy holding
- The Authority has queried your current trust deed
- You are bringing a pharmacist partner into the business
If any of these sound familiar, a short conversation will tell you whether this is the right document, and what it costs, before you commit.
How it works.
- 01
Tell us what you need
Start online or call us. We take short instructions, names, roles, structure and timing, and confirm this is the right document for what you are actually trying to achieve.
- 02
We check the detail
We confirm eligibility, consents, existing documents and any tax or duty consequence before drafting, so nothing is discovered after lodgement.
- 03
We prepare and lodge
We draft the pharmacy trust deed and establishment pack, send it for signing with clear instructions on who signs what and when, and attend to any ASIC, State Revenue Office or ATO lodgement.
- 04
You get a complete file
You receive executed documents, registers and confirmations in a single organised pack, plus a short note on what to keep and what happens next.
Fees.
Fixed fee for the deed and establishment documents. Approval application support, trustee company registration and duty are quoted or itemised separately.
FAQs
Frequently asked questions.
Still unsure? Call us on (03) 9008 7224 and speak to a lawyer, not a call centre.
Can a non-pharmacist be a beneficiary?
Do I need a corporate trustee?
Can I convert my existing family trust?
Related services.
Ready to get started with pharmacy trust (discretionary)?.
Start online or book a consultation with a CMK Legal commercial lawyer in Richmond, Melbourne.