Business & Company: Company Compliance - FAQ
What is a small proprietary company?
- ASIC defines a small proprietary company as a proprietary company including any entities it controls which meets any 2 of these criteria:
- has a gross operating revenue of no more than $25 million AUD for the financial year;
- has assets of no more than $12.5 million AUD at the end of a financial year; and
- has no more than 50 full time employees.
Read some more FAQS from our Company Compliance section