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Company Registration

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Is a Superannuation Trustee Company considered an ASIC special purpose company?

Yes, the Patricia Holdings Superannuation Trustee Company is considered a special purpose company according to ASIC and is eligible for the reduced annual review fee.

The legal requirements for a special purpose superannuation trustee company are set out in section 3(f) of the Corporations (Review Fees) Regulations 2003 under the Corporations Act 2001 (Cth). The regulations state that the constitution:

  • prohibits distribution of the company‚Äôs income or property to its members; and
  • specifies that the sole purpose of the company is to act as the trustee of a regulated superannuation fund within the meaning of section 19 of the Superannuation Industry (Supervision) Act 1993.

The Patricia Holdings Super Trustee Constitution complies with these regulations.

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