Commonwealth Consolidated Acts

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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.



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