ezzie Posted April 19, 2011 Share Posted April 19, 2011 I need to open a UK bank account or offshore account in Sterling. I approached NatWest & Jersey offshore and it appears that anyone in the world is allowed to open an offshore account - except anyone with an Australian address! It's all to do with the Aust. Corp Act 2001 apparently. But, HSBC have said they can open one for me, but it pays no interest and will cost me $200 in fees to open. So how can they escape the dreaded Aus. Corp Act? Can anyone shed any light on this, I urgently need to open a Sterling account? Link to comment Share on other sites More sharing options...
Petals Posted April 19, 2011 Share Posted April 19, 2011 I do believe that this Act was to stop tax evasion as a lot of schemes were around prior to the Act and Jersey was one of the places used. Link to comment Share on other sites More sharing options...
Alan Collett Posted April 26, 2011 Share Posted April 26, 2011 Ask the NatWest in Jersey to quote the section of the Act that gives them the problem. Anyone who quotes the law at you should be able to also back up their claim with a reference ... Best regards. Link to comment Share on other sites More sharing options...
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