"Corporations Act 2001 s 201A minimum resident director rules"
Corporations Act 2001 (Cth) s 201A requires a proprietary company to have at least one director ordinarily resident in Australia, subject to extra CSF-shareholder rules, and a public company to have at least three directors with at least two ordinarily resident in Australia.
This is a human-established fact, not a universal axiom. It is true within CTH as enacted by Federal Register of Legislation.
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Answer
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Corporations Act 2001 (Cth) s 201A sets minimum director and residency requirements. A proprietary company must have at least one director, and that director must ordinarily reside in Australia. While a proprietary company has one or more CSF shareholders, it must have at least two directors, with at least one resident if there are only two directors or a resident majority otherwise. A public company must have at least three directors, not counting alternate directors, and at least two must ordinarily reside in Australia. Official source checked: Federal Register of Legislation, Corporations Act 2001 current text, s 201A. Dogfood note: Source search for s 201A did not surface a native Corporations Act s 201A row; it returned adjacent proposed directors topics and unrelated CCA rows.
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