Roles and responsibilities
- direct the business affairs of the company by implementing the decisions of the board of directors
- act as advisers to the directors of the company
- handle company share transactions such as issuing new shares, arranging for the payment of dividends and observing legal requirements
- liaise with auditors, lawyers, tax advisers, bankers and shareholders
- attend meetings and take minutes of proceedings - prepare reports, budgets and forecasts
- negotiate the terms of new business contracts - assess and arrange insurance cover for the company
- administer the company's superannuation policy
- make sure that all returns required by the Corporations Law are made to the Australian Securities and Investment Commission (ASIC)
- ensure the requirements of the Income Tax Act are met
- make sure the company meets its compliance obligations under relevant laws and the requirements of regulatory authorities
- represent the company in dealings with other companies, banks and shareholders
- supervise financial administration, including the preparation of financial statements and budgets.
As a Company Secretary, you may find employment with organisations that are registered as a company under the legal requirements of the Corporations Act.
Promotion to Company Secretary is usually through the legal, accounting or other administrative sections of companies, leading first to Assistant Secretary and then to Company Secretary.