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Frequently Asked Questions
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Frequently Asked Questions
Help Centre | Resources
General
What does the bank describe as a controlling person?
What does the KYC rules describe a controlling person of an entity?
Company Registration
What is included in the company registration package?
How much does it cost to register a company?
What type of company should I register?
What is an ultimate holding company?
How do I get the ASIC corporate key?
What is a shelf company?
Replaceable rules or company Constitution?
What is a share in a company?
What is a public officer?
Can a trust own shares in a company?
Should I apply for an ABN?
How do I open my company bank account?
How do I change my company name?
What is a Directors ID?
Who needs a Directors ID?
When do I need to apply for a Directors ID?
Who can make the application for a Directors ID?
How long does it take to receive my Directors ID?
Does the ABRS automatically include the Director’s ID in all the companies I am associated with?
What are the penalties for failing to apply for a Directors ID?
How do companies execute documents correctly?
Can a company digitally execute documents?
Do I need to register an ABN?
How long does it take to register my business for ABN/GST/ TFN?
What are the benefits of an ABN?
What is the difference between an ABN and ACN?
Does a corporate trustee require an ABN?
Discretionary Trust
What is the role of the Settlor?
What is an Appointor?
What is a Beneficiary?
What is a Discretionary Trust?
What is a foreign beneficiary?
Can I change the Trustee of my trust?
Can I change a Beneficiary of my trust?
What if the Appointor becomes incapable of acting?
Does a settlor have to provide their identifcation documents to the bank?
Can you extend the perpetuity period for a trust?
Unit Trust
What is a Unit Trust?
Super Fund
Who can be a member of a Super Fund?
Who can be a Trustee of a Super Fund?
Super Fund Update
What is a Super fund update?
Deed of Variation
What is a Deed of Variation?
Who signs a Deed of Variation?
If you do not find the answer to your question listed within our FAQ's, you can always contact us directly at
orders@abbots.com.au
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