Home Forums Private Trusts & Foundations nhcco.org Private Foundations – Can they be set up with a non Australian bank (Westpac)?

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      THX1138
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      Hi folks,

      Need some help with this, we are half way through the process of setting up a private foundation with Peter at http://nhcco.org/

      The problem is that we are not in Australia and cannot open a Westpac account. We can’t get a reply from Peter about this problem so are stuck! We can open a Foundation/ Charity bank account in the country we are in but cannot get a response on whether nhcco.org will accept this, so we assume it won’t be. Although during a phone call with Peter he did say that it could be done. But we are getting no replies to emails now.

      Is Peter still in business?

      Has anyone done this outside Australia?

      Or could it be done with a Power of Attorney? Someone opening a Westpac account for us? Sounds risky though as we have no other connection to Aus.

      Any ideas very welcome? Really need to get this done to get out of the public ASAP!

      Thanks folks!

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