TCA : Industry Statistics

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		The Industry : statistics

Overview Of Trustee Corporations Industry

In aggregate, trustee corporations have about $450 billion of assets under administration / management, and capital resources of around $1 billion. They employ over 3,400 staff in more than 80 offices throughout Australia.

	Value of Assets under Management ($b)*
Activity	1998	1999	2000	2001	2002	2003#	2004	2005	2006
Personal trusts, powers of attorney, common funds and charitable trusts	12	12	12	14	18	18	20	23r	26
Responsible Entity for managed investment schemes (MIS)	7	9	15	20	22	16	19	22	19
Trustee for superannuation funds	2	4	3	4	5	13	19	20	21
Trustee for property and other trusts, debenture and note issues, and securitisation programs	188	271	140	138	152	177	179	203	267
Custodianships, including for MIS and superannuation funds	26	60	109	136	22^	72	91	102	119
Total	235	356	279	312	219	295	328	369r	452

* 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 65,000 wills and powers of attorney
administer about 11,000 deceased estates
manage assets under agency arrangements or Court orders for about 45,000 people
prepare over 40,000 tax returns

During 2005/06, members distributed about $190 million to charities as part of deceased estate administrations or as grants from charitable trusts that they manage.

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