Corporations Act 2001
CHAPTER 2D
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OFFICERS AND EMPLOYEES
PART 2D.1
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DUTIES AND POWERS
Division 4
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Powers
SECTION 198D
DELEGATION
198D(1)
[
Delegation of powers]
(a) a committee of directors; or
(b) a director; or
(c) an employee of the company; or
(d) any other person.
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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