Incorporator does not provide minutes of first meeting of directors for the following sensible reasons:

1. Traditionally such minutes refer to matters such as confirmation/appointment of member(s)/shareholder(s), director(s) and company secretary(s). Under the current modern Corporations Act 2001, Incorporator considers this to be inappropriate. Section 121 of the Corporations Act 2001 provides that those persons specified in the form 201 as being the proposed member(s), director(s) and company secretary(s) automatically become the initial member(s), director(s) and company secretary(s) as soon as the company is registered by ASIC. It also provides that the shares to be taken up by the members as specified in the form 201 are deemed to be issued to the members on the registration of the company.

2. Traditionally such minutes also refer to the appointment of a Public Officer under section 252 of the Income Tax Assessment Act 1936. However this may be inappropriate for a number of reasons. First, the company may not yet have decided who will be the Public Officer. Secondly, a Public Officer need only be appointed within three months of the company commencing to carry on business in Australia or deriving income from property in Australia which may well not be imminent or even, to Incorporator's knowledge, occur at all.

3. Generally, Incorporator is not in a position to foresee the precise matters which should be in the first directors minutes of any particular company being formed and therefore refrains from offering a possibly inappropriate generic set of directors minutes. Incoporator instead offers a pro forma sample outline set of directors minutes for the user to tailor to the user's own particular circumstances should the user want to take advantage of them (these can be found under the 'Resources' button in the blue 'toolbar' above).