When transferring units can Companies be Unitholders in a Unit Trust on behalf of an SMSF?

Question

Can Companies hold Units in a Unit Trust on behalf of an SMSF?

Answer

Yes, Companies can non-beneficially hold units in a Unit Trust on behalf of an SMSF. Follow the below steps to properly display this Unitholding:

1. Navigate to Menu > Trust Register > Trusts > open the Trust Profile > under “Unitholder” click "Transfer of Units"
2. Within the Unitholder section, choose the 'Unitholder Type' as Trust, and then input the SMSF Name within the Trust Name section.
   
   
   
   
3. Indicate the 'Trustee Type' is Corporate, and the rest of the available fields will be indicative of the Company holding the units on behalf of the SMSF.