Can Companies hold Units in a Unit Trust on behalf of an SMSF?
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:
- Navigate to Menu > Trust Register > Trusts > open the Trust Profile > under “Unitholder” click "Transfer of Units"
- Within the Unitholder section, choose the 'Unitholder Type' as Trust, and then input the SMSF Name within the Trust Name section.
- 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.