Non-profit & charitable organisations will generally be registered as public companies that are limited by guarantee.

This is governed by the Commonwealth ‘Corporation’s Act 2001’ legislation administered by Asic for a national business registry.

Under the act outlined below subsection 201A makes statement to the requirement of 3 directors for registry of purpose to operate as a public company with limited guarantee.

Part 2D.3—Appointment, remuneration and cessation of appointment of directors

Division 1—Appointment of directors

Subdivision A—General rules

201A Minimum number of directors

(2) A public company must have at least 3 directors (not counting alternate directors). At least 2 directors must ordinarily reside in Australia.

This petition is about protecting the business interest of the original entity director’s investment of a corporation without opportunity to assume control or management of a corporation via takeover.

This is my eyes is a risk of business interest with long term Jeopardy of the entity’s director via current structured implementation of operations under stated registry.

The amendment I propose is that of aligning this to part 2d.3 subsection (2) to the following:

Benefit is security for entity registered director with option of further implemented management at a director level if so choosing. Furthermore offers security for new businesses to register without risk within Australia.  

Poc Liberty & United Australia

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