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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.

 



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