Shipping Co Ltd is a shipping company that was incorporated in America. An Australian resident holds the majority of shares in Shipping Co Ltd. He had the power to remove the three directors resident in America and no resolution has taken effect without hisapproval. Shipping Co'smainbusinessactivityisthepreparationofcontractsforshippingwhichis undertaken by the Australian resident shareholder. In which country is Shipping Co Ltd a resident?

Select one:

Australia

America

Both