australia trusts-and-estates limited-liability-company
Company holding own shares in trust
<p>If the assets of a trust includes shares in a company, can that company be appointed as trustee of that trust?</p>

<p>It's not clear to me how section 259A of the Corporations Law works in this situation.</p>

<p>The trustee is the legal owner of all assets of the trust. Under 259A a company cannot own its own shares. Therefore, a company cannot be trustee of a trust that holds its shares. <em>Quod erat demonstrandum</em></p>
