What must a director provide to be appointed or elected under the BCA?

Under the Business Corporations Act (BCA), one of the essential requirements for a director to be appointed or elected is to provide consent or acquiescence. This means that the individual must formally agree to act as a director, acknowledging their willingness to take on the responsibilities and duties associated with that role. This consent can often be shown through a signed acceptance or a declaration made at a meeting where the election takes place.

The requirement for consent or acquiescence ensures that all directors are aware of their roles and responsibilities, which helps maintain accountability within the governance structure of the corporation. This provision protects both the interests of the corporation and its shareholders by ensuring that individuals are willing participants in guiding the affairs of the company.

In contrast, the other options do not align with the specific legal requirements outlined in the BCA. An application letter or proof of prior experience may be relevant in certain contexts but are not mandated by the BCA for the appointment of a director. Likewise, providing a financial statement is not a standard requirement for someone to accept a directorship under the Act. This highlights the specificity of the legal requirements and emphasizes the importance of clear consent in corporate governance.