Overview
Simplify your life with CAS 360! With automated annual reviews, company registrations, company debt alerts, seamless document delivery, digital signing and complete trust management.
|
Users are able to add an unlimited amount of trusts in CAS 360 as trusts are not counted to your company subscription numbers. |
Navigation
From the Main toolbar navigate to Trust
The Trust Selection screen enables you to create, select or review all trusts created in CAS 360.
How to Add a Trust in CAS 360
To add a Trust in CAS 360, Click:
You will be required to enter the following details:
| Trust Name | Select a previously added contact from the Global Contact screen, or add a new trust contact to CAS 360 by clicking |
| Trust Type | Select either Unit, Discretionary, Hybrid or Bare. |
| Trust Formed | Input the formation date of the trust. |
| Meeting Address | Select a previously added address from the Global Addresses screen, or add a new address to CAS 360 by clicking |
|
Question Is the trustee a company managed in CAS360? |
When the trustee is a company managed in CAS 360, leave the toggle on, search and select the company from the list. When the Trustee is another entity switch the toggle off and search and select a previously added contact or add a new contact by clicking |
| Label | To help manage your Trust Selection screen you can directly attach a label to a trust. |
| Trustee Appointment | Input the trustee appointment date. |
Select Save to add the Trust to CAS 360.
To import existing trusts into CAS 360, select Download Trust Import Template under Add Trust.
How to Select a Trust
To select a Trust that has been previously set up in CAS 360, simply search and click on the Trust Name from the list.
This will allow you to input or review the following trust information:
- Trust Details
- Other Details
- Tax Details
- Relationships
- Beneficiaries/Unitholders
Trust Details
Input or update the Trust Details
| Trust Name |
The Trust name. Users can change the trust name by selecting a previously added contact from the Global Contact screen, or add a new trust contact to CAS 360 by clicking |
| Previous Trust Name |
Begin typing the Previous Trust name. CAS 360 will begin searching the Global Contact screen for the Trust. If the Trust has not been previously added to the Global Contact screen, Click |
| Trust Type |
Either Unit, Discretionary, Hybrid or Bare. |
| Meeting Address |
Select a previously added address from the Global Addresses screen, or add a new address to CAS 360 by clicking |
| Trust Formed |
Date the Trust was created |
| Future Vesting Date | Date the trust will conclude or wind up |
| Trust Deed Issued | Date Trust Deed was issued |
| Trust Deed Updated | Date Trust Deed was updated |
| ABN | The Australian Business Number for this trust. This is an 11 digit number. |
| TFN | The TFN (tax file number) issued by the Taxation Office. |
| Trust Contact | A Partner or Manager attached to the fund. Users can change the contact by selecting a previously added contact from the Global Contact screen, or add a new contact to CAS 360 by clicking |
| Trust Deed |
Users have the ability to upload and save the trust deed in CAS 360. To upload the trust deed, click Once the Trust Deed is upload, users will be able to the uploaded document inscreen. Click
|
Administration
Select Other Details or Tax Details, then select the required option:
Other Details
| Enter the State and/or Country | |
| Enter the Percentage of ownership | |
| Any internal client number or code | |
| Reference Number | Any internal reference number |
| Name of Controlling entity | |
| A brief summary of the Trust |
Tax Details
|
Entity type for Tax Purposes |
|
| See ATO Website | |
| Date joined/left Consolidation group | |
| See ATO Website | |
| Date joined/left GST group | |
| Any other tax information related to the Trust | |
| Termination | The date ended related to the other tax information/purpose |
Input any tax details about the trust if required
- Settlor
- Appointor
- Trustee
- Accountant
- Auditor
- Bank
- Business Name
- Investment Advisor
- Lawyer
- Liquidator
With CAS 360's Trust Events Screen, you can now store and record all asset transactions, liability, gifting, income, and expense transactions for a trust.
See Trust Events
The CAS 360 Trust Documents screen allows users to view all documents for a Trust.
See Trust Documents
Trusts Filters
From the Trust Selection screen, select Filter Columns to select which information appears on the screen:
The following columns can be selected:
- Trust Name (Always enabled)
- Trust Type (Always enabled)
- Trustee
- Jurisdiction
- Alerts
- Formed Date
- Labels
- Notes
- Option (Always enabled)
Additionally, the Advanced Filters allows you to instantly refine your search results:
| Filter | Explanation |
|---|---|
| All Trusts | Displays all Trusts managed in CAS 360 |
| Corporate Trustee | Display all Trusts which has a Company managed in CAS 360 as the Trustee. |
| Contact Trustee |
Display all Trusts which have a Contact from the Contacts List. |
| Unit Trust |
Displays all Unit Trusts. |
| Discretionary Trust |
Display all Discretionary Trusts. |
| Labels |
In CAS 360 each trust can have multiple labels. This allows for greater reporting across trusts and is also a key aspect of user rights and document templates in CAS 360. See Company Labels for more information.
|
Additional Options
From the Trust Selection screen, select Options to:
- Edit the trust (Trust Name, Trust Type, Trust Formed, Trustee Type, trustee Label and Trustee appointment date)
- Delete the Trust. (Note: unfortunately a deactivate or archive feature for the trusts is not available in CAS 360 at this stage)
Trusts do not count towards your Company Subscription count. Only companies added into the 'Company Selection' screen will count towards your subscription.
Trust Documentation in CAS 360
Unitholders
- Trustee minutes or Resolutions
- Unitholders minutes or resolutions
- register of unitholders
- Unit Certificate
- Application for Units
Discretionary
- Distribution Statement
- Declaration of Distribution Resolution
- Listing of Distributions Paid.
Xero Practice Manager (XPM) Integration
If you have the integration enabled between CAS 360 and XPM, Trusts added as contacts in XPM will automatically be imported into your CAS 360 Contacts Database.
At the moment, these imported trusts will only appear in the CAS 360 Contacts Database and not in the Trust Selection screen.