Section 202C — Corporations Act 2001 (Cth)

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.

Related sections

• s 201U — Consequences of setting board limit in breach of section 201P
• s 202A — Remuneration of directors (replaceable rule—see section 135)
• s 202B — Members may obtain information about directors’ remuneration
• s 203A — Director may resign by giving written notice to company (replaceable rule—see section 135)
• s 203AA — Resignation of directors—when resignation takes effect
• s 203AB — Resignation of directors—resignation has no effect if company has no other directors

Research how courts apply s 202C

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.