To create a Weel account for your business or organisation, we need to collect and verify certain information about you and your business. Learn more about why we require this information.
There are three categories of information we require for Public Companies - businesses that are listed on a stock exchange or otherwise widely held and regulated
- Applicant - the individual person applying for Weel on behalf of the business
- Business - the details of the business you're creating a business account for
- Stakeholders - associated with the business
You can confirm your business structure by searching the Australian Business Register.
Note: Please note this is a guide on the baseline information, there may be additional information required at a later stage.
1. Applicant Details
The applicant is the individual person applying for Weel on behalf of the business. We require the following information about the applicant:
- Full legal name
- Date of birth
- Gender
- Citizenship
- Residential address
- Position in the company (e.g. a Director or an authorised person applying on behalf of the company, like a CFO or Finance Manager)
- Two forms of government-issued ID (passport, driver’s licence, or Medicare card)
- A Letter of Authority if they are not the Director of the company, confirming they are authorised to open the account
- Please note a Director is any registered company director who is listed as a director on the company’s official ASIC/company register
2. Business Details
We require the following information:
- Registered company name
- ABN and ACN
- Registered business address
- Where the company is listed (domestic exchange, international exchange or unlisted)
- If regulated, the name of the regulatory body
- If majority-owned subsidiaries are listed, provide the name of the listed subsidiary and type of exchange (domestic exchange, international exchange)
- Number of employees
- Estimated annual turnover
- Industry and sub-industry
3. Stakeholder Details
You’ll need to provide information for:
- All Directors
- Any Ultimate Beneficial Owners (UBOs) – individuals who own 25% or more of the company or have significant control
For each stakeholder:
- Full legal name
- Date of birth
- Citizenship
- Residential address
- Position in the business
- Two forms of government-issued ID (passport, driver’s licence, or Medicare card)
If we can’t verify their identity, we'll request for the digital copies of the identity documents.
4. Common Issues & Tips
- Please make sure the Letter of Authority is signed by a Director
- Double-check that all stakeholders’ details match their official ID
- If your company owns other listed subsidiaries, include all relevant names and exchanges