Directors are individuals who are allocated to maintaining the running and operation of the company. Directors are obliged to keep accurate and up-to-date company records and inform ASIC (Australian Securities and Investments Commission) in the case of any changes. Every company must have at least one director.
A shareholder, or member, of a company can be either an individual or a body corporate. All companies must have at least one member.The members of the company are the owners of the company.
The applicant is the person who is applying for the registration of the company. This person may have no other role in the company, other than applying for it on behalf of the directors and members. There must be at least one applicant in the company.
The secretary’s role is to ensure that the company complies with all relevant legislation, directors decisions are implemented and industry regulations are followed.
A public officer is the person in charge of dealings with the ATO (Australian Tax Office) in relation to the company’s tax affairs, for instance record keeping and submitting company forms.
This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.
Updated — Sep 14, 2015