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A Directors Resolution For Dividends is a crucial corporate governance document required under Australian law whenever a company decides to distribute profits to its shareholders through dividend payments. This resolution demonstrates compliance with Section 254T of the Corporations Act 2001 (Cth) and documents the directors' careful consideration of the company's financial position, including confirmation that the company's assets exceed its liabilities and that the payment won't prejudice the company's ability to pay its creditors. The resolution typically follows a board meeting where the dividend decision is made and must be properly documented for corporate records, regulatory compliance, and potential future reference by auditors, regulators, or courts. It serves as evidence that directors have fulfilled their fiduciary duties in declaring dividends and forms part of the company's official records.

1. Title and Date: Formal title of the resolution and date of the meeting

2. Present: List of directors present at the meeting

3. Chairperson: Appointment/confirmation of the chairperson for the meeting

4. Quorum: Confirmation that a quorum is present as per the company constitution

5. Financial Position Review: Statement confirming review of the company's financial statements and position

6. Solvency Statement: Declaration that the company satisfies the solvency test under Section 254T of the Corporations Act

7. Dividend Declaration: Formal resolution declaring the dividend, including amount per share, total amount, and payment date

8. Record Date: Specification of the record date for determining dividend entitlements

9. Payment Details: Resolution regarding the method of payment and any specific payment arrangements

10. Closure: Formal closing of the meeting and signature block for directors