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Answer:-

To set up a Pty Ltd company in Australia, follow these steps:

1. Choose a unique business name and check its availability.
2. Register the business name with the Australian Securities and Investments Commission (ASIC).
3. Obtain an Australian Business Number (ABN) and Tax File Number (TFN) for taxation purposes.
4. Prepare a constitution for the company outlining its internal rules.
5. Appoint at least one director and one secretary, ensuring they meet eligibility criteria.
6. Lodge the necessary forms and pay the registration fee to ASIC.
7. Consider additional registrations such as Goods and Services Tax (GST) if applicable.
8. Maintain compliance with ongoing regulatory requirements.