Trustee by Veela

For the company that doesn't run a business

One annual review, one solvency resolution, the occasional change of director or address. That's the whole year for a company that never trades — and it's still the thing that quietly goes overdue. $50 a year, per company.

Billed annually, ex GST · $2 of Ask Veela usage each month, then pay-as-you-go · ASIC's annual review fee is paid to ASIC, not to Veela

Who it's for

Wrapper companies — registered, dated obligations, no trading. The compliance is small, but it doesn't go away.

🏛

Corporate trustee of a family trust

The Pty Ltd named as trustee on the deed. It holds nothing in its own right and never trades — but ASIC treats it exactly like any other company, with the same review date and the same fee.

🪙

Corporate trustee of an SMSF

The fund's trustee company, with the members as its directors. The company's ASIC obligations sit alongside the fund's audit and reporting, and they're the ones most often left until the statement arrives.

🏠

A company that holds, not trades

Property, shares or intellectual property parked in a company for structural reasons. Few transactions, no employees, no outside shareholders — and a compliance calendar all the same.

📦

A dormant company kept registered

Deregistering gives up the name and the history. Keeping it registered costs an annual review, a fee and a resolution each year — this is what stops that turning into late fees.

Issuing shares to investors, running an ESOP or paying dividends? That's the business platform — see the full plans.

What it does

The statutory minimum for a company that isn't a business, kept on time and on the record.

The annual review, tracked from your review date

Your review date is the anniversary of the company's registration. Veela's sentinel opens a task 60 days out and escalates it inside 14 days, so the annual statement and the fee are handled on a schedule rather than when the envelope turns up.

The s347A solvency resolution, drafted

Within two months after the review date a director must pass a solvency resolution under s347A — unless the company lodged a financial report with ASIC under Chapter 2M in the previous 12 months. Veela drafts it from your own facts and files it in the minute book. It is kept with the company's records, not lodged; if a positive resolution can't be passed, ASIC must be told within 7 days (s347B).

Director ID, tracked per director

Every director of a corporate trustee needs a director ID, and a new director needs one before they're appointed. Veela opens a task against any director on your register who hasn't confirmed theirs, so it surfaces when someone joins rather than when someone asks.

What to pay, and how

Your ASIC payment details are kept on file and checked against your ACN, so the review fee can be paid without digging out the statement first. The fee is set by ASIC and paid to ASIC — it isn't part of your subscription.

Officeholder and registered-office changes

A director appointed or resigning, a new registered office or principal place of business: Veela prepares the resolution and the Form 484 prep pack from your register, ready for you to lodge yourself or email to your registered agent. Most of these changes have to reach ASIC within 28 days.

The s17A check, on an SMSF trusteeship

When the company accepts appointment as trustee of a self managed superannuation fund, Veela checks the composition the SIS Act requires — every member of the fund a director, every director a member, including the single-member cases — and records the result in the resolution rather than assuming it. A fund whose trustee fails s17A is not an SMSF, so this is the one worth getting right on the day.

Registers, minute book and document vault

Members and officers registers kept automatically as changes pass, an immutable minute book behind them, and 1 GB of document storage for the trust deed, the constitution, ASIC correspondence and anything else worth keeping in one place.

Ask Veela, on your own record

Ask when the review date falls, what the solvency resolution has to say, or which changes ASIC needs to be told about — answered from your own record and uploaded documents, with citations. $2 of usage is included every month — a monthly allowance on an annual plan, and it doesn't roll over — then pay-as-you-go under a hard cap you set, which stops Veela answering rather than letting a bill run.

Your accountant can look, at no charge

Trustee is one paid seat — yours — plus up to 5 free view only seats for your accountant, your SMSF auditor or your lawyer. They read the registers, the ASIC position and the minute book, and download what they're allowed to see. They can't change anything, can't upload, can't use Ask Veela, and never see a document you've marked restricted to admins.

The annual review, in order

Four dates, every year, for the life of the company. Veela tracks them and prepares the paperwork; paying ASIC and lodging stay with you.

  1. 1 · Review date

    The anniversary of the company's registration. Everything below is measured from this date.

  2. 2 · Annual statement

    ASIC issues the annual statement and an invoice shortly after. Check the officeholders, addresses and share details on it are still right.

  3. 3 · Fee paid

    The annual review fee is due within two months of the review date. Late payment attracts ASIC's late fees.

  4. 4 · Solvency resolution

    A director passes the s347A solvency resolution within the same two months, and it stays with the company's records.

General information about the obligations, not advice on your company's position. The solvency resolution requirement doesn't apply where the company lodged a financial report with ASIC under Chapter 2M in the previous 12 months.

Pricing

$50 per company, per year, ex GST. Billed annually, because the obligations are annual. No lodgement fees to Veela, no per-document charges.

Open previewThis is the pricing during Veela's open preview.

Trustee

For companies that exist to be a trustee, and nothing else.

$50 /company/year

Billed annually — about $4.17 a month. The $2 Ask Veela allowance is monthly and doesn't roll over.

Start now

One company per subscription · move to Solo any time from Billing

Trustee compared to our plans

Trustee carries the same statutory toolkit as Solo, Team and Managed. It leaves out the equity side, which a company that never trades has no use for.

What you get

  • ASIC annual review tracked from your review date, with the s347A solvency resolution drafted for you
  • Officeholder and registered-office changes, prepared as a Form 484 lodgement pack
  • Members and officers registers, with the minute book kept automatically
  • Ask Veela — answers grounded in your own register and documents, with citations
  • Circulating resolutions with Veela e-signature — a personal link per signatory, no account needed; wet ink stays supported via print-and-upload
  • The sentinel — deadlines, drift and s113 thresholds watched in the background
  • 1 GB document library, then $10/GB/month — doubles as Ask Veela's context
  • 10 members included, then $1/member/month
  • Up to 5 free view only seats — let your accountant or lawyer read the company record without being able to change it
  • Ask-a-human — a scoped request to the Veela desk, $50 ex GST, no subscription
  • One paid seat — you, self-certifying your own resolutions

What it leaves out

  • No cap table, share issues, ESOP, vesting, convertibles or dividends — a trustee company doesn't issue equity, and that work belongs on the business plans
  • No ASIC registered-agent service — Veela prepares the pack, you lodge it or send it to your agent
  • No reviewing company secretary and no Review Console
  • No second paid seat. One person runs the account; the 5 free view only seats are for people who need to see the record, not work in it — no changes, no uploads, no Ask Veela. A second person who needs to do the work belongs on Team.
  • The register stops at 10 members on this plan, where the business plans run to 25. A company with more shareholders than that isn't a wrapper company and belongs on Solo.
  • Company secretarial support and regulatory information — not legal, tax or financial advice.

Need the full platform, or a named human secretary? Solo, Team and Managed.

Questions, answered

Doesn't my accountant already do this?

Most of it, once a year, usually from a folder they rebuild each time. Veela doesn't replace them — give them one of the 5 free view only seats and they read the live register, the ASIC position and the minute book instead of reconstructing them. What changes is that the company's record is maintained continuously rather than assembled in the week the statement arrives, and that a director ID or a change of officeholder surfaces when it happens rather than at the annual review. If your accountant handles everything and you're happy with that, this plan is probably not for you.

Does Veela lodge with ASIC for me?

Not on this plan. Veela prepares the Form 484 pack and the supporting extract from your register; you lodge it yourself through ASIC or forward it to your registered agent. If you want lodgement handled for you, that's the Managed plan — talk to us.

Is it billed monthly?

No — Trustee is an annual subscription: $50 per company per year, ex GST, to match a company whose obligations arrive once a year. The $2 of Ask Veela usage is a monthly allowance inside that year, and an unused month doesn't roll over into the next one.

Do I still pay ASIC's annual review fee?

Yes. The review fee is set by ASIC and paid to ASIC. Your $50 a year covers Veela — tracking the date, drafting the solvency resolution, keeping the registers and the minute book, and telling you what to pay and how.

One company, or several?

Pricing is per company, per year. If you're an accountant carrying a book of trustee companies, talk to us before you set them up one at a time.

What if the company starts trading?

Move to Solo from Billing whenever you need to — it's self-serve, and the register, minute book and documents come with you. Solo adds the share and ESOP registers, the full drafting library and the rest of the platform.

Can my accountant get in?

Yes, and it costs nothing. Trustee includes one paid seat — yours — plus up to 5 free view only seats: invite your accountant, your auditor or your lawyer to read the company record. If you need someone who can actually do the work — a second operator, or a reviewing company secretary approving drafts — that's the Team plan.

Put the trustee company on a schedule

Set it up once with your ACN and review date. After that it runs to the calendar — $50 a year, ex GST, cancel from Billing any time.