THE CLIENTS

12 Unit Holders share boat. Pay COMPANY for Units (no GST) and COMPANY for Service (GST)
Register is amended

THE COMPANY
PARKER BOATSHARE PTY LTD
GST registered

1. Buys Boat from Dealer
2. Trades Boat for 12 Units
3. Sells Units
4. Collects Managers Fee
 
 
 
 
 
Client owns
a unit in Trust
 
 
 
 
Quarterly Fee paid to PB for boat service
 
as units sold
 comm paid to
Company

Company assigned according to Trustee
as units sold
Company assigned Manager

 

Trustee swaps 12 Units for Boat

 

payment
THE TRUSTEE
Parker Lifestyle Pty Ltd
NOT GST registered

1. Trades 12 Units for Boat
2. Assigns Boat Manager
3. Manages the FUND
 

boat

 

THE TRUST
Parker Boatshare 1 Trust
 
Client signs to Management Agreement
Clients sign Deed which itemizes Use and Ownership of Boat
Gov Stamp
paid

 

THE DEALER

 sells Boat to COMPANY