A common purpose for a proprietary limited company is to be the trustee of a self managed super fund. Such a company requires a constitution with a clause prohibiting the distribution of income or property to its members.
ASIC allows specifying the special purpose when registering a company which entitles it to a much lower annual fee of $43.
eCompanies supports specifying that the sole purpose of a new company is to be the trustee of a self managed super fund during the company registration process, and also provides compliant documentation including:
eCompanies provide this at the same standard fee of $507 as our normal company registration.
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