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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    View history reference

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)).


 



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