Documents you need to open a business account

1. Choose the checklist that matches your business structure
2. Find out who needs to visit a branch with ID
3. Take your documents to a branch with a small business specialist

Sole trader

• A person trading in their own name or a registered business name
• The person legally responsible for all aspects of the business.

Sole trader checklist

Australian domestic proprietary company

• Registered with the Australian Securities and Investments Commission
• Issued with an Australian Company Number
• Not registered with the Australian Stock Exchange or another stock exchange in Australia

Australian domestic proprietary company checklist

Partnership

• A partnership is a legal relationship between two or more people or organisations with a view to make a profit
• A partnership may have a registered business name and an Australian Business Number
• A regulated partnership is regulated by and a member of a professional association

Partnership checklist

Australian listed public company

• Registered with the Australian Securities and Investments Commission
• Issued with an Australian Company Number
• Listed on the Australian Stock Exchange

Australian listed public company checklist

Regulated trust

• A registered managed investment scheme or
• An unregistered managed investment scheme (that only has wholesale clients and doesn't make small-scale offerings) or
• A government-managed superannuation fund or a superannuation fund registered and regulated by APRA

Regulated trust checklist

Unregulated trust

• An unregulated trust is not regulated by a government or regulatory body. E.g. Unit trust, family trust, deceased estate, managed fund

Unregulated trust checklist

Self-managed superannuation fund 

• A self-managed superannuation fund is one that is registered and subject to regulatory oversight by the Australian Tax Office

Self-managed superannuation checklist

Association

This checklist covers incorporated bodies, unincorporated bodies and associations.

• An association is created by a group of people for a common purpose. E.g. a sporting club
• An incorporated body is created when a group of people formally register or incorporate their association as a separate legal entity under state or territory legislation
• An unincorporated body or association is one that hasn't formally been registered or incorporated with a relevant body

Association checklist