Who can be a company director?

The role of Director is an essential appointment for an Australian proprietary company. To be eligible to assume this position, an individual must meet the following criteria:

  • At least 18 years of age
  • At least ONE director must reside in Australia
  • Not an undischarged bankrupt
  • Not be subject to an unresolved personal insolvency agreement
  • Have not been convicted of an offence under company law, such as fraud or breach of duty within 5 years of the new appointment
  • If imprisoned for an above offence, must not accept the appointment within 5 years of release from prison

This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.

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