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11. Do I have to have a company secretary?
If the company is a proprietary
company - There is no requirement that a company secretary
be appointed. However if one or more company secretaries are appointed
at least one of them must ordinarily reside in Australia.
If the company is a public
company - At least one company secretary must be appointed
and at least one of them must ordinarily reside in Australia.
A company secretary is an officer of the company and has specific
duties under the Corporations Act such as ensuring that the company:
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- notifies ASIC of changes to details of officeholders
- notifies ASIC of changes to details of shareholders
- pays its annual review fee on time
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If a company secretary is not appointed, the directors become responsible
for these duties.
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