3 Individual The Dave Dave The business name or natural person individual Devonshire Devonshire trading name has no acting as a sole person as trustee for as the legal status for trustee the Dave individual grouping or payroll Family Trust person (in tax purposes it is for – trading as the capacity advertising and Dave’s Diving of trustee). customer information School. purposes only. The business entity is Devonshire as ‘Dave trustee for the Dave Family Trust’. 4 Company Majority of ABC Pty Ltd; At director If ABC Pty Ltd had (private or directors with two level must be three directors, two public) carrying directors. unanimous, would constitute a on business in as one of two majority. own right is not a majority. 5 Company Majority of ABC Pty Ltd Any of Any two shareholders (public or voting shares has 100 the four together represent private) voting shareholders exactly 50% of voting carrying on shares, together shares, which is not a business in own spread would be a majority, which must evenly over controlling be greater than 50%. four interest. individuals (25 voting shares each). 6 Company Majority of As per 4 and As per 4 and As per 4 and 5 above. (public or voting shares 5 above. 5 above. private) acting Majority of as trustee directors 7 Association Persons who Darwin South Any four of together Surf Riders these constitute Association persons more than has a board acting 50% of the of together board of management have a management of seven. All controlling (sometimes members of interest. called the board of ‘the committee’) management (or are elected equivalent). by and from the local members.
3 Individual natural person acting as a sole trustee The individual person Dave Devonshire as trustee for the Dave Family Trust trading as Dave’s Diving School. Dave Devonshire as the individual person (in the capacity of trustee). The business name or trading name has no legal status for grouping or payroll tax purposes – it is for advertising and customer information purposes only. The business entity is ‘Dave Devonshire as trustee for the Dave Family Trust’. 4 Company (private or public) carrying on business in own right Majority of directors ABC Pty Ltd; with two directors. At director level must be unanimous, as one of two is not a majority. If ABC Pty Ltd had three directors, two would constitute a majority. 5 Company (public or private) carrying on business in own Majority of voting shares ABC Pty Ltd has 100 voting shares, spread evenly over four individuals (25 voting shares each). Any of the four shareholders together would be a controlling interest. Any two shareholders together represent exactly 50% of voting shares, which is not a majority, which must be greater than 50%. 6 Company (public or private) acting as trustee Majority of voting shares Majority of directors As per 4 and 5 above. As per 4 and 5 above. As per 4 and 5 above. 7 Association Persons who together constitute more than 50% of the board of management (sometimes called ‘the committee’) (or equivalent). Darwin South Surf Riders Association has a board of management of seven. All members of the board of management are elected by and from the local members. Any four of these persons acting together have a controlling interest.
payroll-tax-guide-nt-employers-businesses.docx