CORPORATIONS ACT 2001

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.