Question
Lukes Diner Co is a company that was incorporated in Singapore. Mr Danes owns all the shares in this company. The company has its head
Lukes Diner Co is a company that was incorporated in Singapore. Mr Danes owns all the shares in this company. The company has its head office located in Singapore but does carry on some business in Australia but has no offices here. There are 12 directors of the company and they meet regularly (six or more times a year) in hired offices in Brisbane. These directors were all appointed by Mr Danes and always follow his instructions and never make any decisions that are contrary to Mr Dane's wishes. The directors also meet in other locations outside of Australia but the majority of the director meetings each year are held in Australia. Is Lukes Diner Co an Australian resident company?
a.
Yes as it carries on business in Australia and this is the only factor required to establish residency for a company
b.
Yes as it has its central management and control located in Australia
c.
No, as the company has its head office in Singapore
d.
No, as the company was incorporated in Singapore
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started