In order to be a director of an Australian company, there are a few minimum requirements that must be met. The person applying to be a director must:
- be 18 years of age;
- have provided written consent to taking on the role and the responsibilities of being a director prior to being appointed; and
- not have otherwise been disqualified from being a director.
An individual will be disqualified from being a director if they:
- are an undischarged bankrupt;
- have entered into a personal insolvency agreement under the Bankruptcy Act 1966 and have failed to fulfil the terms;
- have been banned by ASIC or a court from managing corporations; or
- have been convicted of dishonesty-related offences.