How do I open a Minor Trust Account?

To open a CommSec Minor Trust Account, follow the steps below:

  1. Start a Minor Trust Account application here.
  2. Follow the prompts to complete your Minor Trust Account application.
  3. You will be asked to select the account type you wish to open. Select Trust or Minor, then, when asked if you’d like to open a Minor Trust Account, select Yes.
  4. Once your application has been successfully processed, you’ll receive an email with your account details and Client ID. This account will be CHESS-sponsored with its own HIN. If there are any issues with your application, we’ll contact you.

If you already have an account with CommSec, you can also open a Minor Trust Account by logging into CommSec and following the steps below:

  1. Select Portfolio
  2. Click on Offers, Apply and then select Applications.
  3. At the bottom of the page, select Apply Now next to your preferred option – you can either add a new Trading account and settle your trades using a Commonwealth Direct Investment Account (CDIA), or add a new trading account and settle using your own cash account.
  4. You’ll now be taken to the online application page. Under “Select which account you’d like to open”, select Trust or Minor and then continue through the application.

We're here to help

Learn more about how to buy shares for your children, or discover more about Minor Trust Accounts.

Important information

There may be tax implications associated with opening a Minor Trust Account. Please seek professional tax advice before making a decision.

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Disclaimer

© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information on this page has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice.

The content on this page may not be distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content on this page, including any third party sourced data, nor does it accept liability for any errors or omissions.

This site is directed and available to and for the benefit of Australian residents only.

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