(a) That's right. If a company is a single director/shareholder company, questions relating to internal governance (management) of the company are simply answered, because only one natural person is involved in the running of the company and there are no competing interests that need to be balanced and protected. The Corporations Act 2001 (Cth) gives the director of such a company the right to exercise all of the company's power; to manage, or direct the management of the business; and to execute negotiable instruments on behalf of the company, eg by writing cheques.

It should be noted that, under the Corporations Act, certain powers are to be exercised by the members of a company in a general meeting. In the case of single director/shareholder companies such decisions must be recorded in writing, signed by the member in their capacity as member, and recorded in the company's minute book.

Under the Act the director is entitled to be paid for their services to the company, to the extent that the company decides by resolution. The director can also claim reimbursement of properly incurred expenses.