Member information guide
A formal trust is an established legal entity under formal arrangements. It will have a trust deed, which specifies who the trustees are, what powers they have, and how the trust is to be conducted. There are many different types of trusts, all with differing requirements to suit the purpose. Some of the most common types of trusts are discretionary trusts, family trusts, superannuation funds and unit trusts.
What do I need to open a membership for a formal trust and superannuation fund?
To set up a membership and accounts for your formal trusts or superannuation fund memberships, you will need to provide original or original certified copies (including certification form) as detailed below.
Additionally, if the Trust was created with $10,000 or greater settled sum noted in the trust deed the Settlor is required to be identified and linked to a membership for compliance purposes.
If the trustees of the trust or superannuation fund are individuals:
Prepare your documents
You will need to provide a full copy of the signed, executed trust deed.
Attend a branch
All trustees must attend a branch with the required documents and primary photo identification, or return certified copies accompanied with the certification form to: PO Box 1563, Coffs Harbour, NSW 2450.
Complete a request form
Complete and sign a non-personal membership application form and finalise your membership.
Is the trustee of your trust or superfund a company?
You will also need to provide:
- A business extract issued by ASIC, dated within last 30 days.
- All company beneficial owners holding 25% or more of company shares will need to attend a branch with primary photo identification.
- A share certificate if your trust is a shareholder of your company.
Is your trust or superannuation fund operating a registered business?
You will also need to provide:
- Business extract issued by ASIC dated within last 30 days.
For more information get in touch with us in a way that suits you Contact us.