1220.0 - Australian Standard Classification of Occupations (ASCO) Second Edition, 1997

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/07/1997

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Contents >> 02 Structure & Definitions >> 5 Advanced Clerical and Service Workers >> 59 Other Advanced Clerical and Service Workers >> 599 Miscellaneous Advanced Clerical and Service Workers >> 5991 Advanced Legal and Related Clerks >> 5991-15 Trust Officer

5991-15	Trust Officer
	Trust Clerk

Administers trusts, estates and settlements.

Skill Level:
The entry requirement for this occupation is an AQF Certificate III or higher qualification or at least 3 years relevant experience. In some instances relevant experience is required in addition to the formal qualification.

Tasks Include:

identifies assets and liabilities
establishes beneficial entitlements and distributes assets according to statutory requirements
maintains probate and trust files, invests trust funds and administers accounts
prepares probate papers and income tax and State duty returns
collects and realises assets, pays debts and taxes and attends to outstanding estate or settlement matters