CORPORATIONS ACT 2001 - SECT 202C Special rule for single director/single shareholder proprietary companies
CORPORATIONS ACT 2001 - SECT 202C
Special rule for single director/single shareholder proprietary companies A person who is the only director and the only shareholder of a
proprietary company is to be paid any remuneration for being a director that
the company determines by resolution. The company may also pay the
director's travelling and other expenses properly incurred by the director
in connection with the company's business.