Curriculum
- 15 Sections
- 57 Lessons
- Lifetime
Expand all sectionsCollapse all sections
- Main Business Location3
- If YES in question 3 for Main Business Location:4
- 1.11. What is the Discretionary Trading Trust’s email address for service of notices and correspondence? Copy the email address on the form
- 1.22. Does the Discretionary Trading Trust have more than one business location in Australia? NO
- 1.33. What is the telephone number for this location? Tick Mobile
- 1.44. What is the email address for this location? Tick Same as service of notice email then put the email address
- Associated Organisation Details8
- 1.11. Associated organization: ACN of the associated organization (no space in between numbers) Copy from the certificate of registration
- 1.22. Name: Copy name of company in the form
- 1.33. Tick: Trustee click ADD >
- 1.44. Add Address: Copy from the form
- 1.55. What is the date the associated organisation commenced, registered or became incorporated? Copy from form the Registration Date of the Company click ADD >
- 1.66. A message will appear: The name has been obtained for the provided ACN/ARBN/ARFN. If the name is correct, continue with your application. Otherwise, change the ACN/ARBN/ARFN supplied and the name and continue.
- 1.77. Check the details (ACN, Company Name, Address and Date of Registration); if CORRECT, click ADD >
- 1.88. Associate details will be shown, if CORRECT, click NEXT>
- Start - ABN and TFN Application2
- ABN Entitlement8
- 3.11. For taxation purposes which type of entity is the applicant? Company, Partnership, Trust or other organization
- 3.22. What type of organization is the applicant? Discretionary trust – trading
- 3.33. Are the terms of the trust set out in a trust deed or are the terms of the trust implied? YES
- 3.44. Will your activities be carried out in Australia? YES
- 3.55. Have you started or are you taking steps to start your activity? YES
- 3.66. What is the nature of your activity? In the form of a business
- 3.77. Are you doing things that are consistent with running a business (use the help icon to see the list of what we look for)? YES > click NEXT
- 3.88. ABN Entitlement Report > click NEXT
- Application Detail5
- 4.11. Does the applicant currently have an Australian Business Number (ABN) or previously had an ABN? NO
- 4.22. If you answered yes to the question above, what is the Australian Business Number (ABN) currently or previously held by the applicant? LEAVE IT BLANK
- 4.33. Does the applicant wish to apply or reapply for an Australian Business Number (ABN)? YES
- 4.44. Does the applicant have a Tax File Number? NO
- 4.55. Does the applicant wish to apply for a Tax File Number? YES > click NEXT
- Taxation information4
- 5.11. Is the applicant an Australian resident for tax purposes? YES
- 5.22. Is the applicant a type of organisation that fits within an income tax exempt category? NO
- 5.33. Is the applicant a charity or another type of not-for-profit organisation? NO
- 5.44. If the applicant uses, or intends to use the services of a registered agent, what is their registered agent number? LEAVE IT BLANK > click NEXT
- Applicant information1
- Business Activity Details3
- 7.11. From what date does the Discretionary Trading Trust require its ABN? Copy the Date of deed from the trust deed
- 7.22. If you intend for this business activity to be less than 3 months, on what date do you expect to cease business? DISREGARD THIS QUESTION
- 7.33. Is the Discretionary Trading Trust owned or controlled by Commonwealth, State, Territory or Local Government? NO
- Main Business Activity3
- If NO in question 3 for Main Business Location: , postal address details1
- Contact Details5
- 10.11. Authorised contact1: Enter Client’s name, mobile no. (can be 04 directly), email address from form> position: Director
- 10.22. More contact: Yes, if more than 1 person on form> click NEXT >
- 10.33. Authorised contact2 (usually for spouse/partner): enter name, mobile no., email address from form> position based from the form, More contact: Yes>
- 10.44. Authorised contact3: enter Consultant’s name (3rd), office number, office email address, position: Manager> Next>
- 10.55. Associates (Click Add Associated Organisation for the Trustee Company)
- Reason for Application2
- Declaration3
- IMPORTANT TO DOs5
- 13.11. Print Page as PDF and save in client folder> File name: “YYMMDD ABN and TFN Application – The Trustee for Name of Trust”
- 13.22. Check form if details are correct, once done, click SUBMIT and do the following:
- 13.32a. Copy the Application Reference Number (can be found at the bottom of the form) and put it on the form under TFN of the Trust (Ex: Applied on 27 Sep 2022 – TFN Application Reference No. 123 456 789 1023)
- 13.42b. Print Page as PDF and save in client folder > “YYMMDD ABN and TFN Application Confirmation – The Trustee for Name of Trust”
- 13.52c. Save ABN Advice Letter > File Name: “YYMMDD ABN Advice Letter – ABN (type number) – The Trustee for Name of Trust” > Click CONTINUE > Click SUMMARY/EXIT > Click Exit Application
