This is a company that acts solely as the Trustee of a regulated superannuation fund within the meanings given for such companies by the Superannuation Industry (Supervision) Act 1993 and its Constitution must prohibit the distribution of its income or property amongst its members.

Such companies qualify for a reduced Annual Fee payable to the ASIC at present being $36.00 compared to $200.00 for a "normal" proprietary company.