This question on the Company Registration form refers to who will be the beneficiary (who will benefit/profit) from the shares.
On the ASIC extract, this information will show as "Beneficially Held: Yes/No"
If you are the main beneficary (not holding for a trust)
If you are the main recipient (not holding for a trust) then select 'shares held on behalf of another trust, individual or organisation: No.
If you are not the beneficiary (Trustee/ are holding for a trust)
If you are holding shares on behalf of another trust, individual or organisation, select: Yes.
Ensure you enter the full correct name of the trust/individual or organisation, as that name will appear on the Company Share Certificates
You can find and resume your application here: RESUME
Or can book a time to speak with a company registration expert here