INFO 73
Importance of sole company directors or shareholders having a will
This is Information Sheet 73 (INFO 73). Why do directors need a will?.
In plain English
INFO 73 explains why sole directors or shareholders of a company should have a will.
INFO 73 is from ASIC. It explains the importance of wills for sole directors or shareholders. It helps ensure business continuity. It addresses potential complications if there's no will. This information sheet doesn't have a commencement or revision date listed.
Why it matters
Without a will, the company's ownership and control could be uncertain. This can cause delays and legal issues. A will helps ensure your wishes for the company are followed.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/for-business/running-a-company/company-officeholder-duties/importance-of-sole-company-directors-or-shareholders-having-a-will/. Rules Mate indexes + summarises; always verify against the regulator's live publication.