Proprietary Limited companies are required to have at least:
- At least 1 director - whereby 1 of whom is a permanent Australian resident, and all of whom are over 18 years old.
- At least 1 shareholder - that can be an individual or an organisation
- 1 applicant - who is the person applying for the company
Non-compulsory officeholders are:
- Secretary - there can be none or only 1 Secretary of a company
- Public Officer - there can be none or only 1 Public Officer within a company