How to Apply for an ABN, TFN and GST Application for a Unit Trust

3. For taxation purposes which type of entity is the applicant? Company, Partnership, Trust or other organization

4. What type of organization is the applicant? Fixed Unit Trust

5. Are the terms of the trust set out in a trust deed or are the terms of the trust implied? YES

6. Will your activities be carried out in Australia? YES

7. Have you started or are you taking steps to start your activity? YES

8. What is the nature of your activity? In the form of a business

9. 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

ABN Entitlement Report > click NEXT

10. Does the applicant currently have an Australian Business Number (ABN) or previously had an ABN? NO

11. 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

12. Does the applicant wish to apply or reapply for an Australian Business Number (ABN)? YES

13. Does the applicant have a Tax File Number? NO

14. Does the applicant wish to apply for a Tax File Number? YES > click NEXT

15. Is the applicant an Australian resident for tax purposes? YES

16. Is the applicant a type of organisation that fits within an income tax exempt category? NO

17. Is the applicant a charity or another type of not-for-profit organisation? NO

18. 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

19. Name of the Fixed Unit Trust: Copy name of trust in the form and paste it after “The trustee for” > click NEXT

20. From what date does the Fixed Unit Trust require its ABN? Copy the Date of deed from the trust deed

21. 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

22. Is the Fixed Unit Trust owned or controlled by Commonwealth, State, Territory or Local Government? NO

23. Describe the Fixed Unit Trust’s main business activity: Copy the purpose from the form

24. Select the category which best matches the Fixed Unit Trust’s main business activity: Select the category that is close to the purpose of the structure, if unsure, ask the Consultant

25. Does the Fixed Unit Trust operate an agricultural property? NO > click NEXT

26. Country: AUSTRALIA

27. Address: Paste the registered home address of the client, NOT the PO Box

28. Is the Fixed Unit Trust’s postal address the same as the business address?

 Yes, if only 1 address in the form.

 No, if there is a different postal address in the form.

29. What is the Fixed Unit Trust’s email address for service of notices and correspondence? Copy the email address on the form

30. Does the Fixed Unit Trust have more than one business location in Australia? NO

31. What is the telephone number for this location? Tick Mobile (usually clients give their mobile number)

32. What is the email address for this location? Tick Same as service of notice email then put the email address

33. Postal Address Details: Copy PO BOX address from form, if no PO BOX just put the street address:

34. Authorised contact1: Enter Client’s name, mobile no. (can be 04 directly), email address from form> position: Director

35. More contact: Yes, if more than 1 person on form> click NEXT >

Associates (Click Add Associated Organisation for the Trustee Company)

36. Associated organization: ACN of the associated organization (no space in between numbers) Copy from the certificate of registration

37. Name: Copy name of company in the form

38. Tick: Trustee click ADD >

39. Add Address: Copy from the form

40. What is the date the associated organisation commenced, registered or became incorporated? Copy from form the Registration Date of the Company click ADD >

41. Why is the Fixed Unit Trust applying for an ABN? New Business Australia

42. Is this the Fixed Unit Trust’s first time in business in Australia? YES, click NEXT>

43. Name: Put Client’s FULL NAME

44. Position Held: Director

45. Date of Declaration: Put date of actual application

46. Print Page as PDF and save in client folder> File name: “YYMMDD ABN and TFN Application – The Trustee for (Name of the Unit Trust)”

47. Check form if details are correct, once done, click SUBMIT and do the following:

After submitting application for ABN/TFN in the ABR website, click continue to register for GST, click on APPLY NOW under Goods and Services

48. Select the option that describes the reason for the Fixed Unit Trust’s GST Application: VOLUNTARY REGISTRATION

49. What is the Fixed Unit Trust’s date of registration: Copy from the form

50. What is the Fixed Unit Trust’s GST turnover: Copy from the form (or select the turnover that’s relevant)

51. How often will the Fixed Unit Trust lodge its activity statement? QUARTERLY

52. Does the Fixed Unit Trust intend to account for GST on a cash basis? YES

53. Does the Fixed Unit Trust goods or services into Australia? – NO unless otherwise advised

54. Does the Fixed Unit Trust wish to register for fuel? NO unless otherwise advised > Click NEXT

55. Name: Put Client’s FULL NAME

56. Position Held: Director

57. Date of Declaration: Put date of actual application

Click SUBMIT

58. Print Page as PDF and save in client folder > “YYMMDD GST Application Confirmation – The Trustee for (Name of the Unit Trust)

Click SUMMARY/EXIT > Click Exit Application

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