In many cases a trust will be created as a business structure in itself. This is especially true of discretionary family trusts.
If you intend to carry out an enterprise/business activities under the trust then it is most likely that you will need to obtain an ABN. Of course, the usual criteria for determining ABN suitability apply.
If you satisfy any of the following points, you must register an ABN:
- The trust will have an income of at least $75 000 per annum (and must also register for GST)
- It intends to issue invoices and receipts
- You would like to open a trust bank account
- The trust intends to pay employees (and must be PAYG registered)
You can include ABN registration in your trust creation package with EasyCompanies.
All information provided on this webpage is general information about our products and services. Nothing on this webpage is intended to be professional advice of any kind and should not be relied on as such. You should obtain specific financial, legal or other professional advice before relying on the content of this webpage. By not seeking such advice, you accept the risk that the information on this webpage may not meet the specific needs of your business. Our liability is limited to the maximum extent permitted by applicable law in accordance with our website terms and conditions.
Updated — Mar 28, 2017