Trust Companies Australia 2025: Roles, Trends & Policy Updates

Trust companies have long been the quiet achievers in Australia’s financial sector, handling everything from estate planning to complex asset management. With 2025 bringing regulatory shifts and a sharper focus on transparency, understanding how trust companies operate is more important than ever—whether you’re safeguarding family wealth, running a business, or preparing for generational transitions.

What Is a Trust Company and Why Are They Essential?

A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of individuals and organisations. Their core responsibilities include:

• Managing trusts, estates, and inheritances
• Administering charitable foundations
• Overseeing investment portfolios
• Executing legal documents and settling financial affairs

Unlike banks or financial advisers, trust companies have a legal duty to act solely in the best interests of their clients. This makes them a cornerstone for those looking to protect assets across generations or structure complex family or corporate affairs.

2025: Policy Changes and Trends Shaping Trust Companies

This year has brought significant changes in the regulatory environment for trust companies. Driven by the Australian Government’s ongoing crackdown on financial crime, and a global push for greater transparency, several key developments are impacting the sector:

• Stronger AML/CTF obligations: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has expanded anti-money laundering and counter-terrorism financing compliance requirements for trust companies. Firms are now required to implement stricter client identification and reporting protocols.
• Beneficial ownership register: As of March 2025, all trust companies must participate in the new national register, disclosing the ultimate beneficial owners of trusts they manage. This aims to reduce misuse of trusts for tax evasion and illicit activities.
• Digital transformation: Many trust companies have fast-tracked their adoption of digital onboarding and document management, responding to client demand for remote, secure, and efficient service delivery.

For example, Perpetual and Equity Trustees—two of Australia’s largest trust companies—have launched enhanced client portals in 2025, streamlining everything from trust distribution statements to investment performance tracking.

How Australians Use Trust Companies Today

Trust companies are no longer just for the ultra-wealthy. Australians are increasingly engaging them for:

• Family trusts: Used for tax planning, asset protection, and estate succession. In 2025, more small business owners are using discretionary trusts to manage business income and shield family assets.
• Charitable foundations: Philanthropy remains a core activity, with trust companies administering private ancillary funds (PAFs) that distribute millions annually to Australian charities.
• Specialist services: Trust companies now offer digital asset custody, management of self-managed superannuation funds (SMSFs), and even cross-border estate administration for families with assets in multiple countries.

Consider the example of an Australian entrepreneur who recently sold their tech startup: by engaging a trust company, they structured a testamentary trust to provide for their children and set up a charitable foundation—all under the guidance of a regulated fiduciary, ensuring compliance and peace of mind.

Choosing a Trust Company: What to Look For

The trust company landscape is competitive. Here’s what to consider in 2025:

• Regulatory compliance: Ensure the company is licensed, regularly audited, and fully compliant with AUSTRAC and ASIC regulations.
• Specialisation: Does the provider have deep experience with your type of trust—whether family, charitable, or corporate?
• Transparency and fees: Leading companies publish clear fee structures and provide regular, easy-to-understand reporting.
• Technology: A robust digital platform can make administration, reporting, and communication much more efficient and secure.

Many Australians now request reference checks and review online ratings before engaging a trust company, reflecting a broader shift towards accountability and consumer empowerment in the sector.

The Future of Trust Companies in Australia

With regulatory reform, digital innovation, and a growing need for intergenerational wealth management, trust companies are more relevant than ever in 2025. Whether you’re planning a family legacy, supporting charitable causes, or seeking expert estate administration, choosing the right trust company can provide clarity and confidence in a complex financial world.