How to update trust details? – CAS 360 Australia

In CAS 360, users can update trust details from the Trust screen.

Navigate to Trust from the main toolbar.
In the Trust screen, hover the cursor to select a Trust under Trust Name. This will open up the details page for users to edit.

Trust Details

Field	Explanation
Trust Name*	Begin typing the updated 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, will appear. Click to add a new contact.
Previous 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, will appear. Click to add a new contact. If there is no previous name, leave this field blank.
Trust Type*	Select Unit, Discretionary, Hybrid, or Bare from the drop-down list
Meeting Address*	Select a previously added address from the Global Addresses screen, or add a new address to CAS 360 by clicking .
Trust Formed*	Update the Formation date of the trust
Future Vesting Date	Date defined in the trust deed as the date when the trust will conclude
Trust Deed Issued	Date Trust Deed was issued
Trust Deed Updated	Date Trust Deed was updated
TFN	The Tax File Number issued by the Taxation Office.
ABN	The Australian Business Number for this trust. This is an 11 digit number.
Trust Deed	Upload a Trust Deed by selecting Upload Document.

* indicates a mandatory field

Other Details

The following fields are also available if you wish to record more information about the Trust:

Field	Explanation
Incorporation Place	Enter the State and/or Country
Legal Ownership	Enter the Percentage of ownership
Client Number	Any internal client number or code
Controlled Entity	Name of Controlling entity
Trust ARSN	Australian Registered Scheme Number
Trust Description / Purpose	A brief summary of the Trust

Tax Details

Input any tax details about the trust if required

Field	Explanation
Tax Entity Type	Entity type for Tax Purposes
Income Tax Consolidation Group	See ATO Website
Date Joined/Left	Date joined/left Consolidation group
GST Group	See ATO Website
Date Joined/Left	Date joined/left GST group
Other Tax Information / Purpose	Any other tax information related to the Trust
Termination	The date ended related to the other tax information/purpose

Click once updated.

Relationships

To add a new relationship, click

To update an existing relationship, select Edit under Options. On-screen update for certain fields is also available.

The following Relationships can be updated:

Settlor
Appointor
Trustee
Accountant
Auditor
Bank
Business Name
Investment Advisor
Lawyer
Liquidator

Beneficiaries/Unitholders

Depending on the trust type, under the corresonding tab, click Edit under Options to update details for any Beneficiaries or Unitholders.

Trust Events

Under Events tab, you can now update all asset transactions, liability, gifting, income, and expense transactions for a trust. click Edit under Options to update any events.

For details, see Trust Events.

Documents

Under Documents tab, users can view and upload all documents for a Trust.

For details, see Trust Documents.

Also refer to How to Add a Trust in CAS 360.