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.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.