Shah Pty Ltd is a company incorporated in NZ. It has 2 equal shareholders-Mohamed Pty Ltd and Noor Pty Ltd (both NZ companies with all shares held y NZ residents)

The Board of Directors of Shah consists of 5 members-the two executive directors are Australian residents, and 3 non-executive directors are NZ residents appointed by the shareholders.

Shah conducts its entire business in Australia and alternates its directors meeting between Sydney, Australia and Wellington, NZ.

All operational decisions concerning the company are delegated to the 2 executive directors who manage the company from Sydney.

Required

Giving reasons, advise Shaah Pty Ltd whether it is a resident or nonresident for Australian taxation purposes.