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Q: Companies - How long does the registration process take?

A: Once PantherCorp have received your completed online or faxed Company instructions the ACN (Australian Company Number) is usually available within one hour.

Q: What legal documents do we provide upon registration?

A: The PantherCorp company register (hard copy and/or email version) will have the following documents:

  • Notice of Appointment of Public Officer
  • Bank Account Opening Kit
  • Certificate of Registrations
  • ASIC document copies
  • Minutes of Meetings (including Director and Member minutes/resolutions)
  • Share Certificates
  • Share Journal
  • Consents to Act (Director and Member)
  • Register of Members
  • The Company Constitution

 Q: What is the difference between a subscriber and shelf company?

 A: Subscriber - This is a standard company, where your new Director/s and Shareholder/s are the first appointments in the new company. You also provide the new company name to be registered.

 A: Shelf - This is a standard company, where the first appointment of the Director and Shareholder is a member of the PantherCorp staff. A Shelf company already has a company name and an ACN. A Form 484 needs to be lodged with ASIC to resign and transfer the details to your new Director/s and Shareholder/s (the Form 484 is provided in your Corporate Binder).

Q: What is a Super trustee company?

 A: Super Trustee - This is a company that is registered for the SOLE PURPOSE of being trustee of a Superannuation Fund.  Because of this, it has a reduced annual statement fee.  The ASIC need to be notified that it is a special purpose company. Please note: a standard company can be trustee of a Superannuation Fund and have other purposes.

 Q: What is a Public Company?

 A: This is an unlisted public company.  It can have an unlimited number of shareholders to raise capital for profitable purposes.  It is generally a small company not suitable for listing on the stock exchange.  Every public company must have at least 3 directors and 1 secretary.  At least 2 of the directors must reside in Australia. A copy of the Constitution needs to be provided to the ASIC at the time of registration.  PantherCorp have a public Constitution which can be used for the Company or you can provide us with your own.

 Q: Why does a company need a constitution?

 A: Every company will have a Constitution.  A Constitution is a set of rules that govern the running of a company.

 Q: What is a Public Officer?

 A: Every company must have a Public Officer. This is a contact for the ATO. PantherCorp provide a ‘Notice of Appointment of Public Officer’ in the corporate register.  The purpose of this form is advise the ATO of who the Public Officer for the company.  You can also nominate a Public Officer when applying for an ABN.

 Q: Do I need a secretary?

 A: A company can appoint a Secretary, but it is not a requirement.  A Secretary’s duties are to lodge ASIC forms, annual statements, etc.  If there is no Secretary appointed then these duties fall to the Director/s.

Q:What details do I need to register a company?

A: Name of Company – the new name can not be identical to an already registered Australian Company or Business Name. If the proprietor/s of the Business Name are going to be a member in the new company, then the new company name can be registered identically to the Business Name.

Registered Office Address – usually the accountant’s office, but not always. The purpose of the registered office is to have a place where all official communications and notices to the company may be stored and can be sent.

Principal Place of Business Address – the address where the company is carrying on the business

Directors - Every company must have at least one director (who must ordinarily resite in Australia).  There is no maximum amount.

For each director we need:

  • Full name (including middle name)
  • Residential address
  • Date of Birth
  • Place of Birth – (if Australian, the town and state. If overseas just the country)