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Reference:1414700 (Discretionary Trust - bucket company)

The legal information and commentary on this site is general only. Documents ordered through Cleardocs affect the user's legal rights and liabilities. To assess their suitability for the user, legal, accounting and financial advice must be obtained.

Before you start: Discretionary Trust - bucket company

Step 1: Is your existing discretionary trust a Cleardocs trust?


You do not require a Cleardocs deed for the order you are doing today. However, if you have a Cleardocs deed, we can use answers from the earlier order to "pre-populate" the answers in your document orders below. You still need to confirm all the details are correct before submitting the order.

Does the trust have a Cleardocs deed?

Step 2: Set up your second discretionary (family) trust

  • Enter all the required information for the Discretionary (Family) Trust.
  • Complete your answers and pay.
  • You will receive the trust set up documents.

Step 3: Trust minutes template

  • At the same time you receive the trust set up documents, you will receive your income distribution minutes template.

Step 4: Lodging the trust's ABN, TFN and GST

  • Look in your Cleardocs account for the trust's pre-filled ABN Registration order.
  • Check your answers before submitting your application.
  • Once you press submit, your application will be lodged with the Australian Business Register and Australian Taxation Office (for TFN & GST applications).

Step 5: Notification that ABN, TFN and GST registrations are active

  • Cleardocs will send you an email once the ABN is active.
  • Cleardocs will send you an email once the GST registration is active. Please note the GST registration does not always occur on the same day that you receive your ABN.
  • The ATO will mail the TFN to the trust's postal address within approximately 28 days from the date you submit your request for a TFN.
  • In circumstances where your application requires further verification, Cleardocs will request further information by email. You may provide the requested information through your Cleardocs account.

Step 6: Register the company

  • Please enter all of the required information for the bucket company pty ltd registration.
  • Pay the Cleardocs fee and the ASIC fee.
  • Once ASIC has reviewed and approved the company’s application, the company will be registered.
  • Receive the ACN, Certificate of Registration and company set up documents.

Step 7: Create a Division 7A Loan Agreement

  • Look in your Cleardocs account for your pre-filled Division 7A Loan Agreement order.
  • Complete your answers and pay.
  • You will receive the completed Division 7A Loan Agreement.

Step 8: Create a second Division 7A Loan Agreement

  • Look in your Cleardocs account for your pre-filled Division 7A Loan Agreement order.
  • Complete your answers and pay.
  • You will receive the completed Division 7A Loan Agreement.

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