Account designations are relevant to company, Trust and Self Managed Superannuation Fund (SMSF) accounts, as shares must be registered in the name of the trustees with the trust or fund name included in the account designation field.
For example, The Smith Family Pty Ltd as trustees for the Smith Family Super Fund would set up as follows:
The Smith Family Pty Ltd <Smith Family A/C>
IMPORTANT: CHESS rules do not allow the use of the words 'Fund' or 'Trust' to be included as part of the account designation. Please exclude these words from your account designation.