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CORPORATIONS ACT 2001

CHAPTER 2G - MEETINGS  

PART 2G.4 - MEETINGS OF MEMBERS OF REGISTERED MANAGED INVESTMENT SCHEMES  

Division 5 - Proxies and body corporate representatives  

SECTION 253B  BODY CORPORATE REPRESENTATIVE  

253B(1)  [Appointment of representative]  


A body corporate may appoint an individual as a representative to exercise all or any of its powers at a meeting of a registered scheme's members. The appointment may be a standing one.

253B(2)  [Content of appointment]  


The appointment must set out what the representative is appointed to do and may set out restrictions on the representative's powers. If the appointment is to be by reference to a position held, the appointment must identify the position.

253B(3)  [More than one representative]  


A body corporate may appoint more than 1 representative but only 1 representative may exercise the body's powers at any one time.

253B(4)  [Representative's powers]  


Unless otherwise specified in the appointment, the representative may exercise, on the body corporate's behalf, all of the powers that the body could exercise at a meeting or in voting on a resolution.

 



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