In plain language
This is a joint venture people help operate, not a structure they watch from the sidelines.
COG$ is designed so that the Members are the operators. They propose, vote, direct stewardship, direct proxy voting, and shape the operational rules through the governance system. The Trustee holds legal title, interfaces with the legal system, processes fiat where required, and carries the limited Trustee Functions needed to protect the structure.
Joint Venture Agreement first
The Joint Venture Agreement is the supreme governing instrument. It sits above the Declaration and the Sub-Trust Deeds.
Declaration and Deeds for legal effect
The Declaration and the Sub-Trust Deeds give the joint venture legal trust effect in Australian law and record the Members’ agreed rules.
Members’ governance system for day-to-day control
The Independence Vault, Member Polls, and the Members’ own infrastructure are how Members exercise operational control in practice.