Statute
Section 202C — Corporations Act 2001: Special rule for single director/single shareholder proprietary companies
Text of the provision Official document
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.
Official source: Federal Register of Legislation
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