Corporations Act 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.3 - APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS  

Note: This Part does not apply to a CCIV: see section 1224E .

Division 1 - Appointment of directors  

Subdivision A - General rules  

SECTION 201K   ALTERNATE DIRECTORS (REPLACEABLE RULE - SEE SECTION 135)  

201K(1)    
With the other directors ' approval, a director may appoint an alternate to exercise some or all of the director ' s powers for a specified period.

201K(2)    
If the appointing director requests the company to give the alternate notice of directors ' meetings, the company must do so.

201K(3)    
When an alternate exercises the director ' s powers, the exercise of the powers is just as effective as if the powers were exercised by the director.

201K(4)    
The appointing director may terminate the alternate ' s appointment at any time.

201K(5)    
An appointment or its termination must be in writing. A copy must be given to the company.

Note: ASIC must be given notice of the appointment and termination of appointment of an alternate (see subsections 205B(2) and (5) ).