Minors can’t personally buy and sell shares, so to avoid the need for a formal trust the most common (and easiest) approach is to create an account in the name of an adult (e.g. parent) with the shares held in trust for the child.
When the minor turn 18, you can transfer ownership of all shares to the child and they will legally own the shares in their name. You relinquish all rights to the portfolio and lose control over the trading.A “Change of Ownership” form is required and under most circumstances the adult will not incur capital gains tax because there was no change in beneficiary
https://www.marketindex.com.au/buying-shares-for-a-child
it a complex issue, best is to get an accountant involved.
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