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A good analogy Drfuzzy.

It all comes down to what is most important...Greatest asset protection in relation to family law is giving up control completely - but this opens up a whole different area - loss of control at death, or during incapacity, or even during life.

A local company would do give you privacy, but someone searching the ASIC register could find shares and/or directorships under your name. They could then find other assets owned by you such as land. another option, locally is a bare trust. or a unit trust in which you have no role other than...

privacy from what? asset protection from what?

What are some of these reasons?