InvestSMART caters for those who wish to create an investment portfolio for those who are yet to turn 18 and be legally allowed to invest in their own name. We have an online application for this type of investment.

It will require an adult or two adults to "act as trustee" for the minor, but please keep in mind that this doesn't create a legal trust in the manner that of a family or discretionary trust. 

It will also require either the adult(s) or the minor to provide their Tax File Number (TFN) and accept tax liability for the investments held. Please consult your tax professional if you have any doubts over which option will be best for your circumstances.

We will require the adult(s) to provide the following details to act as trustee. 

  • Full Name

  • Date of Birth

  • Residential Address

  • Tax File Number - if accepting tax liability

  • One Additional Source of Identification (License/Medicare/Passport)

We will require the minor to provide the following details. 

  • Full Name

  • Date of Birth

  • Residential Address

  • Tax File Number - if accepting tax liability

In addition there would need to be an Australian bank account provided that is either in the name of the adult, the child or the adult as trustee for the child. 

Feel free to start the process below.

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