Purchasing as Trustee

Discussion in 'Accounting & Tax' started by orlando, 26th Jun, 2008.

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  1. orlando

    orlando New Member

    Joined:
    1st Jul, 2015
    Posts:
    4
    Location:
    Melbourne, VIC
    Hi All,

    Does anyone know if there is any legal difference between As Trustee For (ATF) and In trust For (ITF) when purchasing items as a trustee?

    The reason I ask is that I have just opened a bank account with the commbank as a corporate trustee and they use In Trust For (ITF) instead of As Trustee For (ATF) which i am more used to.

    Thanks,

    Orlando.
     
  2. Nigel Ward

    Nigel Ward Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    989
    no difference

    cheers
    n