You are directors of the corporate trustee. The trustee though is not trading and makes no income it simply administers the SMSF.
If you are all directors then you all have the right to make decisions. It is the director that makes the decisions not the shareholders.
Who ever set this up should have structured it this way. If on the Constitution there is nothing to say that they are no active directors then you have a problem.
You need to see the person who set this up and they will advise you on how they have structured it.
As a director generally they have a right to make decisions.
I cannot tell you anymore as I have not got the documents and did not set this up.
I hope this makes sense and is of assistance. If there is nothing further Happy New year and
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