A company is a body corporate registered in Australia under the Corporations Act 2001.
A proprietary company must have at least one director, but doesn’t have to have a secretary. The director and secretary (if any), must ordinarily reside in Australia.
Special purpose superannuation fund trustee company
A special purpose superannuation fund trustee company is a type of company that is permitted to act only as trustee of a self-managed superannuation fund and is not permitted to trade in any form. It can have a maximum of four directors and four members. For this type of company, the Annual Fee that must be paid to ASIC is less than is required of a standard proprietary company. You will need to register a company before you set up your super fund or before changing to a corporate trustee for your SMSF Deed.