Minimum number of directors
Proprietary companies (1) A proprietary company must have at least 1 director. That director must ordinarily reside in Australia. (1A) However, a proprietary company must have at least 2 directors while the company has one or more CSF shareholders. Of those directors: (a) if there are only 2 of them—at least one of them must ordinarily reside in Australia; or (b) otherwise—a majority of them must ordinarily reside in Australia. Note: The company must also have at least 2 directors when making the CSF offer (see paragraph 738H(1)(a)). Public companies (2) A public company must have at least 3 directors (not counting alternate directors). At least 2 directors must ordinarily reside in Australia.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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