Entities with the same name - Trusts & Superfunds
There needs to be functionality to have multiple trusts or superfunds with the same name i.e. Smith Family Trust or Brown Family Superannuation Fund, as ATO does no require these to be unique, without causing issue with invoices in Blue Xero or having to change the name in XPM to differentiate and have to change the name again each time you lodge. Same name trusts and superfunds is not uncommon.
14
votes
Ashley McCarron
shared this idea
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Freya Pieroz
commented
@Kristan Wright YES absolutely - my own family's SMSF has the same name as over 200 others according to the business register!
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Kristan Wright
commented
Yes. This needs to happen. Causes so many issues.
I can't believe it doesn't consider them unique based on ABN or client code.