What is it?
This is a company with a constitution designed to match a self-managed super fund deed (SMSF). Voting on company issues can be determined by a number of choices – shares allotted or member balances depending on the choice made.
How does it operate?
The constitution has a number of explanatory tables which explain the duties and responsibilities of trustees of self-managed superannuation funds.
This is a special purpose company, and its use should be discussed with an appropriate professional before purchase. If you do not have access to an appropriate professional and wish to find out more, please contact PGG Legal.