THE CORPORATIONS LAW

CHAPTER 2D - OFFICERS AND EMPLOYEES

PART 2D.1 - DUTIES AND POWERS

Division 4 - Powers

SECTION 198D   DELEGATION  

198D(1)  [Delegation of powers]  

Unless the company's constitution provides otherwise, the directors of a company may delegate any of their powers to:

(a)  a committee of directors; or

(b)  a director; or

(c)  an employee of the company; or

(d)  any other person.

Note:

The delegation must be recorded in the company's minute book (see section 251A).

198D(2)  [Exercise of powers]  

The delegate must exercise the powers delegated in accordance with any directions of the directors.

198D(3)  [Effect of exercise of powers]  

The exercise of the power by the delegate is as effective as if the directors had exercised it.




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