In Australia, the process of registering a company is managed by the Australian Securities and Investments Commission (ASIC). To register a company, one must first decide if a company structure is suitable for their business needs, as it comes with specific legal, financial, and record-keeping responsibilities.
Generally, directors and secretaries of the company must be over 18 years old, and directors are required to have a director identification number. It's important to choose a unique company name that is not already registered or reserved, and it must reflect the legal status of the company.
The company can be registered through the Business Registration Service, where other key business registrations, such as an Australian Business Number (ABN), can also be completed. Before registration, consent must be obtained from all the proposed officeholders, members, and occupiers. Understanding the obligations and ensuring compliance with Australian law is crucial for anyone looking to register a company in Australia.