Directors
A proprietary company must have a minimum of 1 director (3 for public companies) who must reside in Australia (as per Corporations Act of 2001 Section 201A).
The requirements to be a director (as per Corporations Act of 2001 1.5.5) are:
- Must be at least 18 years old
- Must reside in Australia (for sole proprietorship)
- Must give consent in writing that he/she accepts being a director of the company
The requirements for office holder’s address are:
- Office holders are not allowed to use PO Box address
- Office holders cannot use an overseas address unless there’s another director with an Australian address
- Office holders cannot use a suppressed address - an alternate address needs to be provided
- Office holders cannot use an address with Level
Secretaries
The requirements to be a secretary (as per Corporations Act of 2001 1.5.5) are:
- Must be at least 18 years old
- Must reside in Australia (if company has only 1 company secretary)
- Must give consent in writing that he/she accepts being a secretary of the company
Reference
CORPORATIONS ACT 2001 - SECT 201A Minimum number of directors
CORPORATIONS ACT 2001 - SECT 1.5.5 Company directors and company secretaries
Checklist for registering a company - Choose company office holders
Related Article: How To Register a Standard Company