Corporate Trustee Company Setup
Corporate Trustee Company Setup in Australia
When a company is going to act as trustee of a trust, it needs to be established with that role in mind from the beginning.ACE Shelf Companies assists with setting up Australian companies for use as corporate trustees. We handle the company formation side, working through the required company details and preparing the entity for registration with ASIC.
Corporate Trustee
What Is a Corporate Trustee?
A corporate trustee is simply a company appointed to act as the trustee of a trust. Rather than an individual holding that position personally, the trustee role sits with the company. The company then carries out its trustee responsibilities through its directors and in accordance with the relevant trust arrangements. The trust and the trustee company are not the same thing. The company is the entity taking on the trustee role. ACE focuses on establishing that company correctly so it is ready for the intended trustee appointment.
Understanding the Structure
The Company Takes on the Trustee Role
A corporate trustee is different from an individual trustee because the trustee role sits with the company.Trustee Company
The company is the entity taking on the trustee role.Through Its Directors
The company carries out its trustee responsibilities through its directors.Trust Arrangements
The trustee role operates in accordance with the relevant trust arrangements.
Company Establishment
Setting Up a Company to Act as Trustee
A corporate trustee still needs to go through the normal company establishment process. That means providing details such as the proposed company name, directors, shareholders, registered office, principal place of business and share structure. The company is then registered with ASIC and receives its Australian Company Number. Where the company is being created for a particular trustee purpose, it is worth getting those details sorted before registration rather than trying to straighten them out afterwards. ACE works through the company information with you and checks what has been supplied before the application is lodged.Company Details Required
- Proposed company name
- Directors
- Shareholders
- Registered office
- Principal place of business
- Share structure
- Australian Company Number after registration
Why ACE
Why Use ACE for Your Corporate Trustee Company?
By the time many clients contact us, the decision to use a corporate trustee has already been made. What they need next is the company. That is where ACE Shelf Companies comes in. Company establishment is a core part of our work, and the same practical approach carries across to corporate trustee setups. We take care of the company registration paperwork and keep the process understandable without turning a relatively straightforward job into something unnecessarily complicated. For accountants, advisers, business owners and individuals arranging a trust structure, this can also remove one administrative job from an already detailed setup.Company Establishment
Company establishment is a core part of ACE’s work.Registration Paperwork
ACE takes care of the company registration paperwork.Understandable Process
The process is kept practical and understandable.Less Administration
Remove one administrative job from an already detailed trust setup.
Get Started
What Information Will You Need?
To establish the corporate trustee company, you will generally need information about the following.For an Australian proprietary company, at least one director
must normally live in Australia. Directors must also meet
the applicable director ID requirements.
ACE can help with the formation of the trustee company itself. Decisions about whether a corporate trustee is appropriate for a particular trust, as well as legal, accounting, taxation or financial implications, should be discussed with a suitably qualified adviser.
The proposed company name
Director or directors
Shareholders
Shareholdings
Registered office
Principal place of business
Trustee FAQs
Corporate Trustee FAQs
01
Can a company act as a trustee in Australia?
Yes. A trustee can be either an individual or a company.
When a company takes that position, it is commonly
referred to as a corporate trustee.
02
Is a corporate trustee a separate company?
Yes. The trustee company is registered as a company in
its own right. It is then appointed to act as trustee
under the relevant trust arrangements.
03
Does ACE decide whether I need a corporate trustee?
Our service is focused on establishing the company. If
you are unsure whether an individual or corporate
trustee is the better option for your circumstances,
that decision should be discussed with your accountant,
solicitor or other qualified adviser.
Set Up Your Corporate Trustee Company