So as I understand it the best way to set up a modest share holding for children, to demonstrate that they are the benefical owner, is to have dividends paid into their account. To do that I need to open a trading account in my name, to effect the trades, but with dividend's paid directly into my child's account. I would really appreciate it if anyone can advise who will let me do this. AFter much wrangling I got Westpac to acknoweldge this, but I have to open a Westpac account, even though I didn't need to if I am trading on my own behalf. BTW I and my children bank with ST George.

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So my question would be, if i have TWO children. I have opened my share trading account on nabtrade on behalf of my first daughter, however i cannot open a second share trading account on there. How do i work around this?

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You use Selfwealth! We set up our own account & one for each of the kids and it's all accessible via one login. It's all pretty straight forward, SW can take a bit to get the accounts set up (their admin team is either undermanned or pretty laid back) but if you're not in too much of a rush they do make the process easy for you.

Brokers fees are relatively cheap too at $9.50 flat rate per trade.

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