Standard Company Rules - Directors / Officeholders and Secretaries

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

Steps to register a company

Checklist for registering a company - Choose company office holders 

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