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    I am currently developing my website for an online business venture.

    The business has been registered and the proprietor is listed as myself and my sister – both as trustees for our respective discretionary trusts.

    We would like to use paypal initially however they don’t allow businesses operated by a trust to utilise their services.

    What I would like to know is if we could open a separate bank account under one of our names (or jointly) and use this account for our paypal transactions while still complying with the Office of Fair Trading and ATO requirements?

    I have already contacted paypal and that is what was suggested to me.

    Thanks for you help.

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