Webinar: Keeping Trust in Trusts
The industry has been inundated with guidance regarding trusts, raising the question: what steps can be taken to mitigate risk for trustees and advisors? […]
Stephen Harvey, current as of: 28 July 2016.
You’ll notice that when applying to register a company, you must nominate a State or Territory in which it will be taken to be registered. The choice may have many implications, not least of which could be the applicability of that State’s laws to the company (e.g. duty laws).
At this point, you might be asking: isn’t the registration and operation of companies regulated by the Corporation Act, a Commonwealth law which does not distinguish between States (on most things)? And, yes, that’s true. This seems, however, to be a bit of a constitutional hangover from the days when each State and Territory had its own companies legislation.
The same is true for a company registration as establishing a trust and nominating the State laws under which it will operate. The decision on the State to specify it is entirely up to you.
Some considerations to take into account are:
Please call us on 1800 773 477 or email if you would like further insight or assistance in the choice of state for your company registrations.
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