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The Industry : statistics print this page

Overview Of Trustee Corporations Industry

In aggregate, trustee corporations have over $500 billion of assets under administration / management, and capital resources of around $1 billion. They employ 3,600 staff in more than 80 offices throughout Australia.

  Value of Assets under Management ($b)*
Activity 2000 2001 2002 2003# 2004 2005 2006 2007 2008 2009
Personal trusts, powers of attorney, common funds and charitable trusts 12 14 18 18 20 23r 26 33 31 27
Responsible Entity for managed investment schemes (MIS) 15 20 22 16 19 22 19 32 37 36
Trustee for superannuation funds 3 4 5 13 19 20 21 27 25 22
Trustee for property and other trusts, debenture and note issues, and securitisation programs 140 138 152 177 179 203 267 307 272 274
Custodianships, including for MIS and superannuation funds 109 136 22^ 72 91 102 119 124 130 149
Total 279 312 219 295 328 369r 452 523 495 508
* Data for TCA members, which account for the great majority of the industry.
^Decline largely reflects sale of custody business by one member.
#2003 data reflect merger of Trust Company of Australia (previously not a TCA member) with Permanent Trustee Company.

Almost 2 million Australians have wills recorded with trustee corporations. Each year trustee corporations:

  • write about 60,000 wills and powers of attorney
  • administer about 9,000 deceased estates
  • manage assets under agency arrangements or Court orders for about 44,000 people
  • prepare about 42,000 tax returns

TCA members manage about 2,000 charitable trusts and foundations with assets of about $3.3 billion. During 2008/09, they distributed about $180 million to charities as grants from those trusts and foundations or directly as part of deceased estate administrations.

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