A Corporate Power of Attorney is a legal mechanism that authorises a corporate trustee to act on behalf of Self-Managed Superannuation Fund (SMSF) trustees within a unit trust structure.
In the context of SMSF property investment through unit trusts, a Corporate Power of Attorney allows a licensed corporate trustee to:
When multiple SMSFs pool their resources to invest in property via a unit trust, a Corporate POA ensures:
The Corporate Power of Attorney for YT Capital Group unit trusts is held by:
Entity: Capri Asset Management Pty Ltd
ABN: 89 625 573 328
ACN: 684 654 920
AFSL: 562011
Capri Asset Management is a diversified financial services group that provides wealth management and stockbroking licensee services. As the responsible entity and asset manager within the group, Capri Asset Management is the appropriate body to hold and exercise the Corporate POA on behalf of unit trust members.
Under the Corporate POA, Capri Asset Management is authorised to:
The Corporate POA operates within strict parameters defined by the unit trust deed and is subject to ongoing regulatory oversight. Unit holders retain their proportional ownership interest in the trust at all times. The authority granted under the POA is limited to actions that are consistent with the trust's investment mandate and compliant with superannuation legislation.
For further information please refer to the Financial Services Guide or contact us directly.