Trust services
Pharmacy unit trust.
When two or more pharmacists own a pharmacy together, a unit trust gives each of them a defined, transferable interest, while still satisfying the ownership restrictions that apply to pharmacies in Victoria.
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.
How a pharmacy unit trust is structured.
Units are held by pharmacists or by their permitted structures, with the deed restricting who may hold units and how they may be transferred. Trustee control is kept in pharmacist hands, and unit transfer clauses require compliance before registration.
We prepare the deed, unit register and certificates, the corporate trustee, and a unitholders agreement dealing with exits, valuation, deadlock and what happens if a partner loses registration.
Deal with the exit terms at the start. A pharmacy partnership without agreed valuation and buy-out mechanics is the most common source of costly disputes in the sector.
Why it pays to have this done properly.
Clear ownership shares
Units make each pharmacist's stake, income entitlement and exit value transparent from day one.
Compliant transfer controls
The deed prevents units passing to a person who cannot lawfully hold an interest in a pharmacy.
Partnership terms documented
A unitholders agreement covers decision-making, drawings, restraint and buy-out, the issues that actually cause trouble.
Is this you?.
- Two or more pharmacists are buying a pharmacy together
- A pharmacist partner is buying in or exiting
- Your existing structure was never properly documented
- A lender requires a defined ownership structure
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 unit trust deed, unit register and unitholders agreement, 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 pack, with the unitholders agreement quoted alongside it. Duty and trustee company fees are itemised at cost.
FAQs
Frequently asked questions.
Still unsure? Call us on (03) 9008 7224 and speak to a lawyer, not a call centre.
Can units be held by a family trust?
What happens if a partner loses registration?
How are units valued on exit?
Related services.
Pharmacy trust (discretionary)
A discretionary trust deed drafted to satisfy pharmacy ownership rules.
Learn moreUnit trust (fixed/hybrid)
Fixed or hybrid unit trust deeds for joint ventures and property holdings.
Learn moreChange of trustee/appointor
Retire and appoint trustees or appointors without triggering a resettlement.
Learn moreReady to get started with pharmacy unit trust?.
Start online or book a consultation with a CMK Legal commercial lawyer in Richmond, Melbourne.