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Large proprietary company
Practical Law ANZ Glossary w-005-9422 (Approx. 2 pages)
Glossary
Large proprietary company
A proprietary company that, in a financial year, satisfies any two or more of the following criteria:
- The consolidated revenue of the company and any entities it controls for that financial year is $50 million or more.
- The value of the consolidated gross assets of the company and any entities it controls at the end of that financial year is $25 million or more.
- The company and any entities it controls together have 100 or more employees at the end of that financial year.
The dollar amounts and number of employees above may be amended by regulation.
For more information, see Practice note, Types of company under the Corporations Act 2001 (Cth): proprietary companies.