Section 4 of the STSM Act gives the trustees the power to: Appoint agents and employees for the body corporate. Purchase, acquire, take transfer of, mortgage, sell, give transfer of or hire or let units. Purchase, hire or otherwise acquire movable property. It is important to appreciate that when a corporate trustee is appointed, while the company acts as a trustee and as such has all the powers and discretions of a natural person trustee, the director of the corporate trustee is responsible to the company, not the trust, when it comes to matters such as reckless trading and failure to act in the company’s best interests. What is a Corporate Trustee? A corporate trustee is a company that acts as trustee of a trust. The company is a registered company, much like any other company, but it is often incorporated with the sole purpose of acting as trustee. This means that the company will not conduct business. Like any other company, the corporate trustee has shareholders and directors.