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Cash Management Trusts

Cash Management Trusts act like a bank account while providing slightly higher rates of return from investing in the short-term money market and Commonwealth government backed securities.

Most Cash Management Trusts have many of the same features of an ordinary bank account, including personalised cheque books and automated banking facilities.

Interest earned is fully assessable for income tax purposes in the year that it is earned, even if you reinvest it. Income may be subject to provisional taxation, depending on your circumstances.