Company Registration – Limited Company by Guarantee (Non Profit)
A public company limited by guarantee is used for not-for-profit organisations.
- Three directors – must be over 18 years of age and at least one director must ordinarily reside in Australia
- One secretary is required, who must live in Australia
- Shareholders must agree to contribute an amount of money (often an amount between $10 and $100) should the company be wound up and if there are insufficient assets to cover liabilities.
All directors must comply with director ID requirements. Fines and penalties apply.