yep, a taxation structure which allows deferred losses to be...

yep, a taxation structure which allows deferred losses to be distributed back to shareholders (capital reduction) during the construction/ramp up phase... if they used a company the losses would be kept to offset its income at a future date, which would make current distributions unjustifiable.

asic has nothing to do with how the business is structured, just how it is run.

what's gets me with this business is how they are promoting its payment back to shareholders as dividend yield... which at present.. it really isn't.. and the rate of the payment relative to s/p compared to others in their industry... if you get sold on the yield rate and it changes negatively, shareholders will revolt