Trusts
8. Additional Registrations
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 23 Sep 2015
- The Australian Taxation Office (ATO) requires a trust to have its own Tax File Number (TFN) to lodge an annual tax return. Usually the trustee will register for the TFN as the trustee will be responsible for lodging tax returns on behalf of the trust.
- If the trust is carrying on an enterprise the trustee should also register an Australian Business Number (ABN) for the trust.
- If the annual turnover of the trust is more than $75,000 the trustee should also register for Goods and Services Tax (GST).
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