Curriculum
- 18 Sections
- 66 Lessons
- 10 Weeks
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- Start2
- ABN Entitlement8
- 2.13. For taxation purposes which type of entity is the applicant? Company, Partnership, Trust or other organization
- 2.24. What type of organization is the applicant? Fixed Unit Trust
- 2.35. Are the terms of the trust set out in a trust deed or are the terms of the trust implied? YES
- 2.46. Will your activities be carried out in Australia? YES
- 2.57. Have you started or are you taking steps to start your activity? YES
- 2.68. What is the nature of your activity? In the form of a business
- 2.79. 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
- 2.8ABN Entitlement Report > click NEXT
- Application Detail5
- 3.110. Does the applicant currently have an Australian Business Number (ABN) or previously had an ABN? NO
- 3.211. 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
- 3.312. Does the applicant wish to apply or reapply for an Australian Business Number (ABN)? YES
- 3.413. Does the applicant have a Tax File Number? NO
- 3.514. Does the applicant wish to apply for a Tax File Number? YES > click NEXT
- Taxation Information4
- 4.115. Is the applicant an Australian resident for tax purposes? YES
- 4.216. Is the applicant a type of organisation that fits within an income tax exempt category? NO
- 4.317. Is the applicant a charity or another type of not-for-profit organisation? NO
- 4.418. 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
- 6.120. From what date does the Fixed Unit Trust require its ABN? Copy the Date of deed from the trust deed
- 6.221. 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
- 6.322. Is the Fixed Unit Trust owned or controlled by Commonwealth, State, Territory or Local Government? NO
- Main Business Activity3
- 7.123. Describe the Fixed Unit Trust’s main business activity: Copy the purpose from the form
- 7.224. 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
- 7.325. Does the Fixed Unit Trust operate an agricultural property? NO > click NEXT
- Main Business Location5
- If Yes:4
- 9.129. What is the Fixed Unit Trust’s email address for service of notices and correspondence? Copy the email address on the form
- 9.230. Does the Fixed Unit Trust have more than one business location in Australia? NO
- 9.331. What is the telephone number for this location? Tick Mobile (usually clients give their mobile number)
- 9.432. What is the email address for this location? Tick Same as service of notice email then put the email address
- If No, postal address details:1
- Contact Details3
- Associated Organisation Details5
- 12.136. Associated organization: ACN of the associated organization (no space in between numbers) Copy from the certificate of registration
- 12.137. Name: Copy name of company in the form
- 12.138. Tick: Trustee click ADD >
- 12.139. Add Address: Copy from the form
- 12.140. What is the date the associated organisation commenced, registered or became incorporated? Copy from form the Registration Date of the Company click ADD >
- Reason for Application2
- Declaration6
- 14.243. Name: Put Client’s FULL NAME
- 14.344. Position Held: Director
- 14.445. Date of Declaration: Put date of actual application
- 14.546. Print Page as PDF and save in client folder> File name: “YYMMDD ABN and TFN Application – The Trustee for (Name of the Unit Trust)”
- 14.647. Check form if details are correct, once done, click SUBMIT and do the following:
- 14.7After submitting application for ABN/TFN in the ABR website, click continue to register for GST, click on APPLY NOW under Goods and Services
- GST Application7
- 15.148. Select the option that describes the reason for the Fixed Unit Trust’s GST Application: VOLUNTARY REGISTRATION
- 15.249. What is the Fixed Unit Trust’s date of registration: Copy from the form
- 15.350. What is the Fixed Unit Trust’s GST turnover: Copy from the form (or select the turnover that’s relevant)
- 15.451. How often will the Fixed Unit Trust lodge its activity statement? QUARTERLY
- 15.552. Does the Fixed Unit Trust intend to account for GST on a cash basis? YES
- 15.653. Does the Fixed Unit Trust goods or services into Australia? – NO unless otherwise advised
- 15.754. Does the Fixed Unit Trust wish to register for fuel? NO unless otherwise advised > Click NEXT
- Financial Account Details (DISREGARD) >Click NEXT0
- Declaration6
- 17.155. Name: Put Client’s FULL NAME
- 17.256. Position Held: Director
- 17.357. Date of Declaration: Put date of actual application
- 17.4Click SUBMIT
- 17.558. Print Page as PDF and save in client folder > “YYMMDD GST Application Confirmation – The Trustee for (Name of the Unit Trust)
- 17.6Click SUMMARY/EXIT > Click Exit Application
- Video Training1
22. Is the Fixed Unit Trust owned or controlled by Commonwealth, State, Territory or Local Government? NO
Prev 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
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