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Who's Terantica SMSF?

Discussion in 'General Domain Discussion' started by logicstorm, Feb 4, 2011.

  1. logicstorm

    logicstorm Membership: VIP

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    Hi guys,

    I've recently noticed that this entity "Terantica SMSF" is registering most of the dropped domains from netfleet snapper auction.

    Does anyone know who this person or entity is?

    Isn't SMSF some sort of Self Managed Super Fund?

    Let me know if any of you have any info.

    Cheers,
     
    Last edited: Feb 4, 2011
  2. WG2010

    WG2010 Archived Member

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    Yeah, it's self managed super fund. He won't have much left given 99% of the purchases are highly questionable. I was talking about this with someone else the other week when the SMSF purchased like 20 duds in one go.
     
  3. Shaun

    Shaun Membership: Community

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    One mans junk is another mans treasure....

    The irony is I picked up selfmanagedsuperfund.net.au for $1 the same day...
     
  4. logicstorm

    logicstorm Membership: VIP

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    It looks like he's slowing down a bit now either because he spent all his super already or did some self studying on domaining.

    A few weeks back, he was registering around 50 domains a day and it went for a few weeks.

    I agree with WorGeneral that 99% of the domains were very questionable.

    Well, I guess he'll be learning about this domaining business the hardway..
     
  5. AndyC

    AndyC Membership: Community

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  6. Shane

    Shane Membership: VIP

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    auDA Member:
    Yes
    Yeah, I think it's pretty risky territory. You run the risk of either your fund being hit with a big tax bill, or auDA taking your domains.

    The only way I see it working is if domain leasing becomes legit for AU domains.
     
  7. Lorenzo

    Lorenzo Membership: VIP

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    why would you need a SMSF in order to buy domains?
     
  8. Shane

    Shane Membership: VIP

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    auDA Member:
    Yes
    Significantly reduced tax and access to additional capital.
     
  9. djuqa

    djuqa Membership: Trader

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    But also increased risk and greater potential for losses.
     
  10. Shane

    Shane Membership: VIP

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    auDA Member:
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    How so?
     
  11. Lorenzo

    Lorenzo Membership: VIP

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    :cool:

    Interesting. Care to expand?

    Cheers
     
  12. Shane

    Shane Membership: VIP

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    auDA Member:
    Yes
    Reduced Tax - 15% on earnings within the fund, compared the max rate of 45% outside of super.

    Access to additional capital - Anyone who's been working for a year or more will have a few grand in super. If you've been working for 10+ years then you should have some pretty decent coin sitting in there.

    I am a licensed financial adviser, and therefore Australian law dictates that I warn you the information detailed above is general in nature and does not take into account your personal circumstances. You should not act upon any of this information without first seeking professional advice. :)
     
  13. Lorenzo

    Lorenzo Membership: VIP

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    Nice. Thank you.