Question text

SYA Co is a company that was incorporated in Singapore. Mr Teo is Singaporean and 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 in the company, not including Mr Teo and they meet regularly (six or more times a year) in hired offices in Sydney. These directors were all appointed by Mr Teo and always follow his instructions and never make any decisions that are contrary to Mr Teo's wishes. Is SYA Co an Australian resident company?

Question 2Answer

a.

No, as it has its central management and control located in Singapore

b.

Yes, as it carries on business in Australia and this is the main factor required to establish residency for a company

c.

No, as the company was incorporated in Singapore

d.

Yes, as it has its central management and control located in Australia