We’re required by law to verify the identity of any individual and entity when they apply for products or services with us. We may also verify your identity at other times, to meet our obligations and to keep your account and details secure.
The table below details the information we require for each entity type, and the types of ID documents we accept to verify an entity.
Any individuals owning or controlling the entity (e.g. partners, directors and trustees etc) or signing on the account will also generally need to be identified, which involves collecting their personal details and verifying their identity. Learn more on acceptable ID for individuals.
|
Type of Entity
|
Details we need
|
Acceptable ID documents
|
|
Sole trader
|
- Full name
- Any business names
- ABN (if any)
- Principal place of business address (if any)
- Industry type.
|
Sole traders can refer to acceptable ID for individuals.
|
|
Proprietary company
(Pty Ltd)
|
- Full name
- Any other business names
- ACN
- Registered office address
- Principal place of business address (if different to above)
- Full name of all directors
- Industry type.
|
- The latest annual company statement (if you have it); or
- Certificate of registration.
If unable to provide this, please talk to our staff as they may be able to assist in verifying the company registration.
|
|
Public unlisted company
(Limited)
|
- Full name
- Any other business names
- ACN
- Registered office address
- Principal place of business address (if different to above)
- Full name of all directors
- Industry type.
|
- The latest annual company statement (if you have it); or
- Proof of current registration – one of the following:
- Certificate of registration
- A public document (e.g. Annual Report) issued in the past 12 months.
If unable to provide this, please talk to our staff as they may be able to assist in verifying the company registration.
|
|
Trust
|
- Full name
- Type of trust
- Any business names
- ABN (if any)
- Principal place of business address (if any)
- Full name of the settlor
- Full name of all beneficiaries or description of each class of beneficiary
- Full name and address of all trustees
- Industry type (if operating a business).
|
|
|
Self managed superannuation fund
|
- Full name
- ABN
- Full name and address of all trustees.
|
|
|
Partnership
|
- Full name
- Any business names
- ABN (if any)
- Address (not a PO Box)
- Details of all partners.
|
- Partnership agreement
- Or, if you don’t have an agreement, one of the following:
- Minutes of a partnership meeting
- Notice issued by the ATO in the past 12 months
- Proof of government registration, which includes the names of the partners.
|
|
Estate of the Late
|
- Full name, date of birth and date of death for the deceased individual
- Address (not a PO Box)
- Full name of all beneficiaries or description of each class of beneficiary
- Details of executor/s or administrator/s.
|
- One of the following:
- Grant of probate (including those issued electronically)
- Letters of administration (including those issued electronically).
- If you don’t have probate, the Death certificate and Will.
|
|
Testamentary trust
|
- Full name
- Full name of the deceased individual
- Address (not a PO Box)
- Full name of all beneficiaries or description of each class of beneficiary
- Full name and address of all trustees.
|
- One of the following:
- Grant of probate (including those issued electronically)
- Letters of administration (including those issued electronically).
- If you don’t have probate, the Death certificate and Will.
|
|
Incorporated association
|
- Full name
- Any other names known by
- ABN (if any)
- Registration number
- Registered office address
- Principal place of operations address (if different to above)
- Full name of chairperson, secretary and treasurer (or equivalents).
|
- Minutes of a meeting confirming association name and office bearers
- Our staff can assist with verifying registration with government.
|
|
Unincorporated association
|
- Full name
- Any other names known by
- ABN (if any)
- Principal place of administration address
- Full name of chairperson, secretary and treasurer (or equivalents).
|
- Minutes of a meeting confirming association name and office bearers.
|
|
Strata body
|
- Full name
- Strata plan identifying number
- Address (not a PO Box)
- Full name of Executive Committee members or managing agent.
|
- Certificate of Title and Strata Plan (incl. floor plan)
- Plus, minutes of a meeting confirming executive committee members.
Separate identification requirements also apply to any managing agent appointed.
|
Only original documents or certified copies can be accepted, unless indicated above.
Minutes must be signed and dated within the prior 12 months.
Entities owning or controlling another entity will also need to be identified in line with the above table.
Where any registered business names are held, our staff can verify these on your behalf.
Greater Bank does not offer products or services to foreign entities.
For entity types not included above, such as listed entities, licensed and regulated companies, managed investment schemes, regulated partnerships, indigenous corporations, registered co-operatives, and government bodies, please contact us to discuss the requirements.
This is guidance only and does not represent an exhaustive list. Other information or documents may be required in addition to the above, to help us understand your financial needs, any foreign tax obligations, and the entity’s activities and ownership structure.
