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Body Corporates

Registration process

Income generated by acts of veterinary surgery may NOT be paid directly to a company unless that company is registered with the Board as a body corporate.

Section 20(3) of the Act provides for two kinds of Body Corporate:

(a) where all shareholders are registered veterinary surgeons; and

(b) where there are two shareholders only, one being a registered veterinary surgeon and the other being a person of good fame and character. The veterinary surgeon must be the majority shareholder.

Further information is provided in the Guidelines which can be accessed in the menu button to the left. It is advisable to consult your accountant to ensure you are complying with the legislation.