01 — Directors
Long-tenured oversight
The board is small by design. Directors are personally accountable for the company's affairs and meet on a recurring cycle to review holdings, risk and any statutory matters requiring resolution.
Governance
Boardroom discipline, kept quietly.
Primwil is directed by its board and operates under the obligations of an Australian proprietary company limited by shares.
02 — Statutory compliance
Corporations Act 2001 (Cth)
Annual reviews, changes to officeholders and registered office, and any other prescribed events are lodged with the Australian Securities & Investments Commission within the required periods. The company holds ACN 166 456 962.
03 — Records
Books maintained at the registered office
Minutes of resolutions, the register of members and financial records are maintained at the registered office in Warrnambool as required under the Act. The company is not a disclosing entity and does not publish financial statements.
04 — Risk
Concentration by choice
Holdings are deliberately concentrated in areas the directors know well. Diligence favours patient underwriting over portfolio turnover, and no external managers act with discretionary authority.