New Discretionary Trust

Setting up a New Discretionary Trust

Please note: Aintree Group’s preferred supplier for setting up a new business structure is ACIS. You can find more details about ACIS on their website.

Form being completed by:*
- Aintree Group Team Member
- Client
- Third Party
Client Consent
Written consent must have been provided by the client to authorise an Aintree Group team member or other third party to complete this form and “sign” for consent on their behalf.
Client Name*
Consent*
I give consent for Aintree Group to set up a new Discretionary Trust on my behalf using the details below.
Date*
DD slash MM slash YYYY
Trust Details
Proposed Trust Name*
Will Aintree Group's address (below) be the address for the Trust?*
Level 1 273 Camberwell Road CAMBERWELL VIC 3124
- Yes
- No
Address*
(If not Aintree Group’s address)
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Settlor Details
Please note the Settlor has to be independent of the Trust, and cannot be a Beneficiary or Trustee of the Trust.
Name
First Name Middle Name Last Name
Settled Sum Amount*
Settled Sum Amount:*
If “Other”:
Appointor #1 Details
The Appointor is a powerful position to hold within a Trust. Please allocate someone who is capable of managing the responsibilities associated with this role.
Name*
First Middle Last
Is Appointor #1's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth
E.g. Melbourne, Victoria, Australia
City / Suburb State Country
Is there second Appointor?*
- Yes
- No
Appointor #2 Details
The Appointor is a powerful position to hold within a Trust. Please allocate someone who is capable of managing the responsibilities associated with this role.
Name*
First Middle Last
Is Appointor #2's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth*
E.g. Melbourne, Victoria, Australia
City / Suburb State Country
Individual or Corporate Trustees?*
- Individual
- Corporate
Individual Trustee Details
Are the following existing members also Trustees of this Trust?*
Please tick all that apply.
- Appointor #1
- Appointor #2
- None
Aside from the existing members indicated above there more Trustees to add?*
- Yes
- No
Individual Trustee #1
Only fill out this section if the Trustee is not also an Appointor.
Name*
First Middle Last
Is Trustee #1s details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Cannot be a PO Box!
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth*
E.g. Melbourne, Victoria, Australia
City / Suburb State Country
Is there another Trustee?*
- Yes
- No
Individual Trustee #2
Name*
First Middle Last
Is Trustee #2's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Cannot be a PO Box!
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth*
E.g. Melbourne, Victoria, Australia
City / Suburb State Country
Corporate Trustee Details
Company Name*
Is this Corporate Trustee's details saved in CAS360?*
Including ACN & Registered Address
- Yes
- No
Australian Company Number (ACN):*
Registered Office Address*
Cannot be a PO Box!
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Beneficiaries
Are any of the existing members also Beneficiaries of this Trust?*
Please tick all that apply.
- Appointor #1
- Appointor #2
- Individual Trustee #1
- Individual Trustee #2
- None
Aside from the members indicated above, are there any further Beneficiaries to add?*
- Yes
- No
Primary Beneficiary #1
Name*
First Middle Last
Is Beneficiary #1's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth*
City / Suburb State Country
Is there another Primary Beneficiary?*
- Yes
- No
Primary Beneficiary #2
Name*
First Middle Last
Is Beneficiary #2's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth:*
DD slash MM slash YYYY
Place of Birth*
City / Suburb State Country
Is there another Primary Beneficiary?*
- Yes
- No
Primary Beneficiary #3
Name*
First Middle Last
Is Beneficiary #3's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth*
City / Suburb State Country
Is there another Primary Beneficiary?*
- Yes
- No
Primary Beneficiary #4
Name*
First Middle Last
Is Beneficiary #4's details saved in CAS360?*
Including Residential Address, Date of Birth and Place of Birth.
- Yes
- No
Residential Address*
Street Address Address Line 2 City / Suburb State / Province / Region ZIP / Postal Code Country
Date of Birth*
DD slash MM slash YYYY
Place of Birth*
City / Suburb State Country
Entity Admin – Aintree Group Internal Use Only
Main Business Activity & ANZSIC Code:*
Please refer to the ATO’s list of ANZIC Codes here.
TFN
Tax File Number (TFN) Required*
- Yes
- No
From what date required:*
DD slash MM slash YYYY
ABN
Australian Business Number Required:*
- Yes
- No
From what date required:*
DD slash MM slash YYYY
GST
Goods & Services Tax (GST) Required?*
- Yes
- No
Date of Registration*
DD slash MM slash YYYY
Estimate of Annual Turnover*
Monthly, Quarterly or Annually?*
Cash or Accrual?*
- Cash
- Accrual
What is the reporting method?*
- Simpler
- Full
- Instalments
Does the entity import goods into Australia?*
- Yes
- No
FTC
Does the new trust wish to register for Fuel Tax Credits (FTC)?*
FTC provides you with a credit for the fuel tax (excise or customs duty included in the price of fuel you use for your business activities in machinery, plant, equipment and heavy vehicles.
- Yes
- No
From what date is this trust eligible for fuel tax credits?*
This cannot be prior to the GST start date (see GST section above).
DD slash MM slash YYYY
Which fuels does the trust use in its business activities?*
Please select all that apply.
- Diesel
- Petrol
- Other – including gaseous fuels
Will the trust use fuel in a vehicle with a GVM greater than 4.5 tonnes travelling on a public road?*
- Yes
- No
PAYG Withholding
PAYG Withholding Required?*
- Yes
- No
Number of Employees*
Estimated annual tax withheld:*
If greater than $25,000 the entity will be registered for monthly PAYG reporting.
Please register entity for monthly PAYG reporting.
Date of Commencement:*
DD slash MM slash YYYY
How will annual payment summary be lodged with the ATO?*
- Electronically
- Manually
How will the trust provide payment summaries to its payees?*
- Using payment summaries supplied by the Tax Office
- Printing own summaries on plain paper
Will the trust pay royalties, dividends or interest to non-residents OR report investment income paid to Australian residents?*
- Yes
- No
Is the trust required to register as an employer of working holiday makers?*
Working holiday makers are individuals ho are holders of visa subclass 417 or 462, or an associated bridging visa.
- Yes
- No
Add Single Touch Payroll?*
- Yes
- N/A
Is this client an Aintree Group Xero client?*
- Yes
- No
Software ID Provider/Type:*
Software ID (SID):*
Software ABN:*
Please contact the client directly. They will need to register themselves for Single Touch Payroll with the ATO.
You can send them the following link for further information: https://www.ato.gov.au/business/single-touch-payroll/start-reporting/stp-checklists/.
WorkCover
WorkCover required?*
- Yes – Compliance Administrator will set up task for EA & Partner to schedule WorkCover set up meeting
- No
Executive Assistant will complete application with Partner after company is set up.
Payroll Tax
Payroll Tax required?*
- Yes
- No
Executive Assistant will complete application with Partner after company is set up.
Payroll Tax Registration: https://www.e-business.sro.vic.gov.au/eBusiness/ptx/faces/register/welcome.xhtml
Update Systems – Aintree Group Internal Use Only
Add to the following systems:*
- CAS360
- XPM
- Xero Ledger – Only required if client is not setting up their own Xero file
- Xero Tax – Only required for tax clients, see below for instructions
If Xero Tax is required, ensure entity is set up as a Tax Client in XPM:
1. Select Agent
2. Check “Prepare Tax Form” box
3. Check “Active ATO Client” box
Is this entity set-up part of an existing Job?*
- Yes
- No
Is Job Set Up Required?*
- Yes
- No
Job Set Up – Aintree Group Internal Use Only
Partner:*
Manager:*
Contact Group:*
Billing Entity:*
Invoice Details – Aintree Group Internal Use Only
Billing Client Name:*
Has the client been quoted?*
Please see this schedule in FYI Docs for the standard Aintree Group fees for this work.
- Yes
- No
Quoted Amount:*
- Standard Fee
- Custom Amount
What was the amount quoted?*
Excluding GST
Is a Structure Diagram required?*
- Yes
- No
- Needs Updating
Once structure is set up, Compliance Administrator must notify relevant Executive Assistant.
Note for Compliance Administrator
- Please set up FYI Tasks for Executive Assistant to follow up WorkCover and/or Payroll Tax.
WorkCover Application Form: https://www4.worksafe.vic.gov.au/oes-reg/index.html
Payroll Registration Form: https://www.e-business.sro.vic.gov.au/eBusiness/ptx/faces/register/welcome.xhtml
Notes:
Completed By:*
First Name Last Name
Email*
This will be used to send you a completed copy of the form once it is approved by your nominated Partner.
Partner to review:*
Once you have completed the form, please nominate the relevant Aintree Group Partner to review and give final approval. Then click “Save and Submit for Review”
Please completed ALL required fields marked with a red asterisk BEFORE submitting this form for approval. Otherwise it causes issues for the next person in the process.
No review necessary. Click “Approved” when form is completed.
Final Review & Approval
To be completed by relevant Aintree Group partner only!
Once you have review the form and confirmed all fields are correct, please fill in your details below and click “Approved” button.
Approved By:*
Date*
DD slash MM slash YYYY

Save and Submit For Review

Setting up a New Discretionary Trust

Client Consent

Trust Details

Settlor Details

Appointor #1 Details

Appointor #2 Details

Individual Trustee Details

Individual Trustee #1

Individual Trustee #2

Corporate Trustee Details

Beneficiaries

Primary Beneficiary #1

Primary Beneficiary #2

Primary Beneficiary #3

Primary Beneficiary #4

Entity Admin – Aintree Group Internal Use Only

TFN

ABN

GST

FTC

PAYG Withholding

WorkCover

Payroll Tax

Update Systems – Aintree Group Internal Use Only

Job Set Up – Aintree Group Internal Use Only

Invoice Details – Aintree Group Internal Use Only

Final Review & Approval