Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 221

221. (1) A public company shall have at least 3 directors and a proprietary
company shall have at least 2 directors.

(2) A body corporate is incapable of being appointed as a director of a
company.

(3) In the case of a public company, at least 2 directors shall be persons who
ordinarily reside within Australia and, in the case of a proprietary company,
at least one director shall be a person who ordinarily so resides.

(4) Where the articles of a company incorporated before 1 July 1982 provide
for the appointment of one director only, the articles shall be deemed to
provide for the appointment of 2 directors.