CORPORATIONS ACT 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

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

Division 1 - Appointment of directors  

Subdivision A - General rules  

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

201K(1)   [ Power to appoint]  

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)   [ Request for notice]  

If the appointing director requests the company to give the alternate notice of directors' meetings, the company must do so.

201K(3)   [ Exercise of powers]  

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)   [ Termination of appointment]  

The appointing director may terminate the alternate's appointment at any time.

201K(5)   [ Documents required]  

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) ).