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Clare Evans

Jul 26, 2022

Corporate trustee and asset name

in SMSF Technical Forum

I am currently auditing a fund which has $3 million in Telstra shares.

The name on the shares is Corp Trustee ITF <CSF>

The CSF is only an abbreviation of the fund name, rather than the complete name.

It has also just been disclosed that the corporate trustee is also registered as a tax agent, so is not a sole purpose trustee.

I saw the prior question confirming that a corporate trustee doesn't need to be sole purpose (thank you) but figured this was still useful information given that the name is incomplete otherwise.

Would a note in the management letter suffice to suggest correction to the name, given that the corporate trustee is correct? Or is an ACR required due to the abbreviated name.

Thanks in advance for the help.

2 answers0 replies

Comments (2)

Clare Evans

Jul 26, 2022

Thank you very much. I really appreciate that. Clare