Can the Child Development Account (CDA) trustee be different from the Child Savings Account (CSA) joint account holder?
No, the applicant for Baby Bonus Scheme will be both the CDA trustee and CSA joint account holder. The applicant must be over 18 years old and not bankrupt as they will manage the CDA and CSA for the child. This is to protect the monies in the CSA and ensure that it is used for the child's benefit.
Related questions
In the application, can I nominate someone else to be the Child Development Account (CDA) Trustee and Child Savings Account (CSA) Joint Account Holder?
In the application, can I choose a different bank for the Child Development Account (CDA) and Child Savings Account (CSA)?
Who can be the Child Savings Account (CSA) joint account holder?
I prefer to receive the Baby Bonus Cash Gift in my nominated bank account, instead of the Child Savings Account (CSA). Can I do so?
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