Where a Sole Director company is trustee of a Trust, this is the formal Minute of resolution by that Director for the company in its capacity as trustee to enter into a specific transaction.

It is most prudent for a person who is a Sole Director to have a current valid will. If there is no director of a company, the company may well become unable to operate. Section 201F of the Corporations Act 2001 sets out the special rules for the appointment of directors for single director/single shareholder proprietary companies on the death of an intestate sole director, however the outcome of this process may not necessarily be in the best interests of the company - for more information see ASIC Publications/Information Sheet 73 "the importance of sole company directors/shareholders of having a will" on the Australian Securities & Investments Commission (ASIC) website at www.asic.gov.au.

This Minute of Sole Director's Resolution for Company as Trustee has the following attachments:

1. Information about minute of directors resolution for when acting as trustee of a discretionary trust
2. Checklist when acting as trustee of a discretionary trust
3. Checklist for establishing a discretionary trust