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.
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.
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.
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 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.
What Information Will You Need?
To establish the corporate trustee company, you will generally need information about the following.
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.
Corporate Trustee FAQs
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.
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.
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.
Ready to Establish Your Trustee Company?
If the trustee structure has already been decided and you now need the company established, ACE Shelf Companies can take care of the company setup.
Talk to ACE